YorkBridge Wealth Partners LLC grew its holdings in BP plc (NYSE:BP) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,263 shares of the oil and gas exploration company’s stock after acquiring an additional 1,534 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in BP were worth $209,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of BP by 22.2% in 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 during the period. Cornerstone Investment Partners LLC lifted its position in 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 worth $2,498,000 after purchasing an additional 29,950 shares during the period. Wedge Capital Management L L P NC lifted its position in 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 worth $14,217,000 after purchasing an additional 13,323 shares during the period. Harvey Investment Co. LLC bought a new stake in BP during the fourth quarter worth about $205,000. Finally, Zions Bancorporation lifted its position in BP by 607.3% during the third quarter. Zions Bancorporation now owns 31,056 shares of the oil and gas exploration company’s stock worth $1,193,000 after purchasing an additional 26,665 shares during the period. 10.05% of the stock is owned by institutional investors.
Shares of BP plc (BP) traded up $0.31 during midday trading on Thursday, reaching $39.15. The company’s stock had a trading volume of 1,007,601 shares, compared to its average volume of 6,516,545. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16. The firm has a market capitalization of $132,990.00, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. BP plc has a 12-month low of $33.10 and a 12-month high of $44.62.
BP (NYSE:BP) last issued its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to analyst estimates of $56.85 billion. BP had a return on equity of 6.19% and a net margin of 1.39%. The firm’s revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. equities research analysts forecast that BP plc will post 2.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s payout ratio is 184.50%.
BP has been the subject of several recent analyst reports. Vetr raised shares of BP from a “hold” rating to a “buy” rating and set a $41.28 price objective for the company in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of BP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. TheStreet cut shares of BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Societe Generale raised shares of BP from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Scotiabank reaffirmed a “buy” rating and set a $39.00 price objective on shares of BP in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. BP presently has a consensus rating of “Hold” and an average price target of $40.31.
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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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