Marathon Trading Investment Management LLC Has $394,000 Stake in BP p.l.c. (NYSE:BP)

Marathon Trading Investment Management LLC increased its stake in shares of BP p.l.c. (NYSE:BP) by 115.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,400 shares of the oil and gas exploration company’s stock after buying an additional 86,800 shares during the period. Marathon Trading Investment Management LLC’s holdings in BP p.l.c. were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of BP p.l.c. by 11.2% in the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after buying an additional 623,612 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of BP p.l.c. by 9.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,404 shares of the oil and gas exploration company’s stock valued at $2,102,000 after buying an additional 5,086 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of BP p.l.c. by 68.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 827,125 shares of the oil and gas exploration company’s stock valued at $30,918,000 after buying an additional 337,242 shares during the period. Heritage Investors Management Corp raised its stake in shares of BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock valued at $793,000 after buying an additional 200 shares during the period. Finally, Beacon Financial Group raised its stake in shares of BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock valued at $281,000 after buying an additional 198 shares during the period. 9.92% of the stock is owned by hedge funds and other institutional investors.

BP p.l.c. (NYSE:BP) traded up 0.53% during midday trading on Friday, reaching $36.33. 3,358,750 shares of the company were exchanged. The stock has a market capitalization of $119.52 billion, a P/E ratio of 31.70 and a beta of 0.94. The firm’s 50 day moving average price is $34.98 and its 200-day moving average price is $35.02. BP p.l.c. has a 52 week low of $32.50 and a 52 week high of $38.68.

BP p.l.c. (NYSE:BP) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. During the same period in the prior year, the business posted $0.23 EPS. BP p.l.c.’s revenue was up 21.7% compared to the same quarter last year. Equities analysts forecast that BP p.l.c. will post $1.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a dividend of $0.595 per share. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a yield of 6.55%. BP p.l.c.’s dividend payout ratio (DPR) is presently 206.96%.

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Several brokerages recently issued reports on BP. Piper Jaffray Companies upgraded shares of BP p.l.c. to a “buy” rating and set a $42.00 target price for the company in a research report on Friday. BidaskClub upgraded shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a research report on Thursday. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Societe Generale lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating and cut their target price for the company from $35.04 to $34.90 in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $35.90 price target on shares of BP p.l.c. in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $36.51.

About BP p.l.c.

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 p.l.c. (NYSE:BP)

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