West Chester Capital Advisors Inc. Invests $1.08 Million in BP plc (BP)

West Chester Capital Advisors Inc. bought a new position in shares of BP plc (NYSE:BP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,968 shares of the oil and gas exploration company’s stock, valued at approximately $1,081,000. BP makes up 1.0% of West Chester Capital Advisors Inc.’s investment portfolio, making the stock its 17th largest position.

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in BP by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock valued at $258,345,000 after buying an additional 61,668 shares during the period. Acadian Asset Management LLC lifted its holdings in BP by 17.3% in the fourth quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock valued at $270,881,000 after buying an additional 950,489 shares during the period. Russell Investments Group Ltd. lifted its holdings in BP by 15.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock valued at $197,908,000 after buying an additional 641,751 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in BP by 4.5% in the third quarter. Parametric Portfolio Associates LLC now owns 2,975,774 shares of the oil and gas exploration company’s stock valued at $114,359,000 after buying an additional 126,862 shares during the period. Finally, Rockefeller Financial Services Inc. lifted its holdings in BP by 21.9% in the fourth quarter. Rockefeller Financial Services Inc. now owns 2,652,046 shares of the oil and gas exploration company’s stock valued at $111,466,000 after buying an additional 477,072 shares during the period. Institutional investors own 10.05% of the company’s stock.

Shares of BP plc (NYSE:BP) opened at $39.56 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55. BP plc has a 12-month low of $33.10 and a 12-month high of $44.62. The stock has a market cap of $131,129.13, a price-to-earnings ratio of 38.72, a PEG ratio of 0.77 and a beta of 0.92.

BP (NYSE:BP) last issued its quarterly earnings data 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 company had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 33.0% on a year-over-year basis. research analysts expect 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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Thursday, February 15th. BP’s dividend payout ratio is 233.34%.

Several equities analysts recently weighed in on the stock. Vetr upgraded shares of BP from a “buy” rating to a “strong-buy” rating and set a $44.43 price objective on the stock in a report on Monday. TheStreet lowered shares of BP from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Morgan Stanley lowered shares of BP from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 13th. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Finally, Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a report on Monday, January 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.31.

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About BP

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.

Institutional Ownership by Quarter for BP (NYSE:BP)

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