Pacer Advisors Inc. cut its position in BP p.l.c. (NYSE:BP) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,822 shares of the oil and gas exploration company’s stock after selling 857 shares during the quarter. Pacer Advisors Inc.’s holdings in BP p.l.c. were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of BP p.l.c. by 92.4% in the 1st 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. Burt Wealth Advisors increased its holdings in shares of BP p.l.c. by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. Pictet North America Advisors SA bought a new position in shares of BP p.l.c. in the 1st quarter worth $128,000. IHT Wealth Management LLC grew its holdings in shares of BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after purchasing an additional 689 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its holdings in shares of BP p.l.c. by 16.8% during the 1st quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock valued at $144,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 10.10% of the company’s stock.
Several equities analysts recently commented on the stock. Macquarie lowered shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Bank of America Corporation cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Societe Generale cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $35.04 to $34.90 in a research report on Wednesday, July 26th. Finally, Piper Jaffray Companies raised shares of BP p.l.c. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $36.33 to $42.00 in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.26.
BP p.l.c. (NYSE BP) opened at 36.58 on Friday. The stock has a market cap of $120.02 billion, a P/E ratio of 31.92 and a beta of 0.93. BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. The firm’s 50-day moving average is $35.21 and its 200 day moving average is $35.00.
BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.18). BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. BP p.l.c.’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, analysts anticipate that BP p.l.c. will post $1.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s dividend payout ratio is currently 206.96%.
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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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