Marathon Trading Investment Management LLC boosted its position in BP p.l.c. (NYSE:BP) by 115.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.
A number of other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of BP p.l.c. during the first quarter worth about $106,000. Crestwood Advisors Group LLC purchased a new stake in shares of BP p.l.c. during the first quarter worth about $114,000. Pictet North America Advisors SA purchased a new stake in shares of BP p.l.c. during the first quarter worth about $128,000. Finally, AlphaMark Advisors LLC increased its stake in shares of BP p.l.c. by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock worth $144,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 10.02% of the company’s stock.
BP p.l.c. (NYSE:BP) opened at 34.36 on Wednesday. The company has a 50-day moving average of $35.80 and a 200-day moving average of $35.41. The company has a market cap of $112.61 billion, a price-to-earnings ratio of 51.13 and a beta of 0.94. BP p.l.c. has a one year low of $32.50 and a one year high of $38.68.
BP p.l.c. (NYSE:BP) last issued its earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $55.86 billion during the quarter, compared to analyst estimates of $59.87 billion. BP p.l.c. had a return on equity of 3.72% and a net margin of 1.06%. BP p.l.c.’s revenue for the quarter was up 45.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Equities research analysts expect that BP p.l.c. will post $1.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, May 12th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend was Wednesday, May 10th. BP p.l.c.’s dividend payout ratio is currently 366.16%.
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BP has been the topic of a number of analyst reports. TheStreet upgraded shares of BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Deutsche Bank AG upgraded shares of BP p.l.c. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 4th. Scotiabank reiterated a “buy” rating and set a $38.00 price objective on shares of BP p.l.c. in a research note on Monday, March 27th. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Finally, Argus increased their price objective on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.11.
BP p.l.c. 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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