BP plc (BP) Holdings Trimmed by FDx Advisors Inc.

FDx Advisors Inc. lessened its holdings in shares of BP plc (NYSE:BP) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 90,040 shares of the oil and gas exploration company’s stock after selling 3,533 shares during the period. FDx Advisors Inc.’s holdings in BP were worth $3,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stock Yards Bank & Trust Co. grew its position in shares of BP by 11.1% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,718 shares of the oil and gas exploration company’s stock worth $493,000 after acquiring an additional 1,167 shares in the last quarter. NEXT Financial Group Inc grew its position in shares of BP by 6.4% in the 4th quarter. NEXT Financial Group Inc now owns 20,313 shares of the oil and gas exploration company’s stock worth $854,000 after acquiring an additional 1,225 shares in the last quarter. Glenview Trust Co grew its position in shares of BP by 5.4% in the 4th quarter. Glenview Trust Co now owns 25,283 shares of the oil and gas exploration company’s stock worth $1,063,000 after acquiring an additional 1,300 shares in the last quarter. Anchor Capital Advisors LLC grew its position in shares of BP by 4.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 32,400 shares of the oil and gas exploration company’s stock worth $1,362,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Barrett Asset Management LLC grew its position in shares of BP by 33.4% in the 3rd quarter. Barrett Asset Management LLC now owns 5,992 shares of the oil and gas exploration company’s stock worth $230,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 10.05% of the company’s stock.

Shares of BP plc (NYSE:BP) opened at $39.52 on Wednesday. The stock has a market capitalization of $131,129.13, a P/E ratio of 21.07, a P/E/G ratio of 0.77 and a beta of 0.92. BP plc has a 1-year low of $33.10 and a 1-year high of $44.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The firm’s revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. analysts forecast that BP plc will post 2.74 earnings per share 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 6.07%. The ex-dividend date is Thursday, February 15th. BP’s payout ratio is currently 233.34%.

Several brokerages have recently commented on BP. TheStreet lowered BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Cowen reiterated a “hold” rating and issued a $39.00 target price on shares of BP in a research report on Tuesday, October 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $51.00 price target on shares of BP in a report on Wednesday, January 24th. Vetr raised BP from a “hold” rating to a “buy” rating and set a $40.94 price target on the stock in a report on Thursday, November 23rd. Finally, Zacks Investment Research raised BP from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. BP presently has an average 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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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