Wilkins Investment Counsel Inc. Grows Holdings in BP p.l.c. (BP)

Wilkins Investment Counsel Inc. boosted its holdings in shares of BP p.l.c. (NYSE:BP) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 255,668 shares of the oil and gas exploration company’s stock after buying an additional 1,600 shares during the quarter. BP p.l.c. accounts for about 2.8% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 13th largest holding. Wilkins Investment Counsel Inc.’s holdings in BP p.l.c. were worth $8,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BP. Parkside Financial Bank & Trust grew its stake in shares of BP p.l.c. by 92.4% during 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 purchasing an additional 1,386 shares during the period. Burt Wealth Advisors grew its stake in shares of BP p.l.c. by 6.8% during the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after purchasing an additional 200 shares during the period. Pictet North America Advisors SA acquired a new stake in shares of BP p.l.c. during the 1st quarter worth approximately $128,000. IHT Wealth Management LLC grew its stake 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 worth $135,000 after purchasing an additional 689 shares during the period. Finally, AlphaMark Advisors LLC grew its stake 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 worth $144,000 after purchasing an additional 600 shares during the period. 10.10% of the stock is owned by institutional investors.

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Several equities research analysts have issued reports on the stock. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Tuesday, August 1st. BidaskClub lowered BP p.l.c. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of BP p.l.c. in a report on Monday, June 12th. Kepler Capital Markets lowered shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a report on Friday, June 30th. Finally, TheStreet lowered shares of BP p.l.c. from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.26.

Shares of BP p.l.c. (NYSE:BP) traded up 0.427% during trading on Friday, reaching $36.485. The company had a trading volume of 2,405,801 shares. BP p.l.c. has a 52-week low of $32.53 and a 52-week high of $38.68. The company has a market capitalization of $119.71 billion, a P/E ratio of 31.837 and a beta of 0.93. The firm has a 50-day moving average price of $35.16 and a 200-day moving average price of $34.98.

BP p.l.c. (NYSE:BP) last released its quarterly earnings data 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 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 the consensus estimate of $56.09 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that BP p.l.c. will post $1.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 11th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.55%. BP p.l.c.’s dividend payout ratio is currently 206.96%.

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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