Vantage Financial Partners Ltd. Inc. Has $2.83 Million Position in BP plc (BP)

Vantage Financial Partners Ltd. Inc. lessened its holdings in shares of BP plc (NYSE:BP) by 69.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,284 shares of the oil and gas exploration company’s stock after selling 151,160 shares during the period. BP comprises approximately 1.9% of Vantage Financial Partners Ltd. Inc.’s investment portfolio, making the stock its 9th biggest position. Vantage Financial Partners Ltd. Inc.’s holdings in BP were worth $2,827,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Sterling Capital Management LLC raised its stake in shares of BP by 22.2% during the third quarter. Sterling Capital Management LLC now owns 17,434 shares of the oil and gas exploration company’s stock valued at $670,000 after acquiring an additional 3,164 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of BP by 101.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 59,430 shares of the oil and gas exploration company’s stock valued at $2,498,000 after acquiring an additional 29,950 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of BP by 3.7% during the third quarter. Wedge Capital Management L L P NC now owns 369,940 shares of the oil and gas exploration company’s stock valued at $14,217,000 after acquiring an additional 13,323 shares in the last quarter. Zions Bancorporation raised its stake in shares of BP by 607.3% during the third quarter. Zions Bancorporation now owns 31,056 shares of the oil and gas exploration company’s stock valued at $1,193,000 after acquiring an additional 26,665 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of BP by 6.7% during the third quarter. Assetmark Inc. now owns 93,251 shares of the oil and gas exploration company’s stock valued at $3,584,000 after acquiring an additional 5,839 shares in the last quarter. Institutional investors and hedge funds own 10.05% of the company’s stock.

Several research firms have recently weighed in on BP. Piper Jaffray Companies reaffirmed a “buy” rating and set a $51.00 price target on shares of BP in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of BP from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research note on Monday, January 29th. TheStreet raised shares of BP from a “c” rating to a “b” rating in a research note on Wednesday, November 8th. Evercore ISI boosted their price objective on shares of BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Finally, Scotiabank reissued a “buy” rating and issued a $39.00 price objective on shares of BP in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.31.

BP plc (NYSE:BP) opened at $39.92 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. BP plc has a 1-year low of $33.10 and a 1-year high of $44.62. The stock has a market cap of $132,660.00, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). BP had a return on equity of 6.19% and a net margin of 1.39%. The firm had revenue of $67.82 billion during the quarter, compared to analysts’ expectations of $56.85 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. BP’s revenue for the quarter was up 33.0% compared to the same quarter last year. sell-side analysts anticipate that BP plc will post 2.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s dividend payout ratio (DPR) is presently 184.50%.

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BP Company Profile

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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