Raymond James & Associates boosted its holdings in BP plc (NYSE:BP) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,426,591 shares of the oil and gas exploration company’s stock after acquiring an additional 135,611 shares during the quarter. Raymond James & Associates owned 0.10% of BP worth $144,020,000 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. Renaissance Technologies LLC boosted its stake in BP by 119.2% during the 4th quarter. Renaissance Technologies LLC now owns 5,801,144 shares of the oil and gas exploration company’s stock valued at $243,822,000 after purchasing an additional 3,155,200 shares in the last quarter. Deutsche Bank AG boosted its stake in BP by 91.3% during the 4th quarter. Deutsche Bank AG now owns 4,270,553 shares of the oil and gas exploration company’s stock valued at $179,488,000 after purchasing an additional 2,037,709 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in BP during the 4th quarter valued at $71,406,000. Acadian Asset Management LLC boosted its stake in BP by 17.3% during the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock valued at $270,881,000 after purchasing an additional 950,489 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in BP by 15.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock valued at $197,908,000 after purchasing an additional 641,751 shares in the last quarter. Hedge funds and other institutional investors own 10.19% of the company’s stock.
A number of equities analysts have issued reports on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $51.00 price target on shares of BP in a research note on Wednesday, January 24th. Zacks Investment Research raised BP from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research note on Monday, January 29th. TheStreet lowered BP from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Vetr lowered BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price objective for the company. in a research note on Monday, February 26th. Finally, Royal Bank of Canada raised BP from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $33.10 to $40.10 in a research note on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. BP currently has a consensus rating of “Hold” and a consensus price target of $40.26.
BP (NYSE:BP) last issued its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. BP had a return on equity of 6.19% and a net margin of 1.39%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. research analysts expect that BP plc will post 2.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.05%. BP’s dividend payout ratio (DPR) is presently 184.50%.
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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