Truewealth LLC bought a new stake in shares of BP plc (NYSE:BP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,276 shares of the oil and gas exploration company’s stock, valued at approximately $138,000.
A number of other institutional investors have also made changes to their positions in the business. Stonehearth Capital Management LLC acquired a new position in shares of BP in the 4th quarter worth $115,000. Itau Unibanco Holding S.A. grew its holdings in shares of BP by 121.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 1,502 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of BP during the fourth quarter valued at $129,000. Baystate Wealth Management LLC grew its holdings in shares of BP by 832.8% during the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after buying an additional 2,948 shares in the last quarter. Finally, Country Trust Bank grew its holdings in shares of BP by 228.5% during the fourth quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock valued at $158,000 after buying an additional 2,614 shares in the last quarter. 10.19% of the stock is currently owned by hedge funds and other institutional investors.
BP has been the subject of a number of research reports. Societe Generale raised BP from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Piper Jaffray Companies restated a “buy” rating and set a $51.00 price target on shares of BP in a research note on Wednesday, January 24th. Vetr upgraded BP from a “hold” rating to a “buy” rating and set a $41.28 price target on the stock in a research note on Wednesday, December 6th. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research upgraded BP from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.26.
BP plc (NYSE BP) traded down $0.68 during mid-day trading on Wednesday, hitting $38.87. The stock had a trading volume of 6,302,612 shares, compared to its average volume of 6,710,000. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16. BP plc has a one year low of $33.28 and a one year high of $44.62. The firm has a market cap of $129,030.00, a P/E ratio of 30.13, a P/E/G ratio of 0.79 and a beta of 0.96.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The firm had revenue of $67.82 billion during the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter in the prior year, the company earned $0.13 EPS. BP’s quarterly revenue was up 33.0% on a year-over-year basis. analysts predict that BP plc will post 2.7 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders 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 yield of 6.17%. 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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