Dynamic Capital Management Ltd purchased a new stake in BP plc (NYSE:BP) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 23,510 shares of the oil and gas exploration company’s stock, valued at approximately $1,028,000. BP accounts for about 3.7% of Dynamic Capital Management Ltd’s portfolio, making the stock its 8th biggest position.
Other institutional investors also recently added to or reduced their stakes in the company. Perkins Coie Trust Co increased its stake in BP by 66.7% in the first quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 252 shares during the last quarter. Marino Stram & Associates LLC increased its stake in BP by 71.0% in the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 277 shares during the last quarter. JNBA Financial Advisors bought a new position in BP in the fourth quarter valued at approximately $29,000. Horan Capital Advisors LLC. bought a new position in BP in the first quarter valued at approximately $35,000. Finally, Bray Capital Advisors increased its stake in BP by 91.7% in the first quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 389 shares during the last quarter. 11.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:BP opened at $41.06 on Thursday. The company has a market capitalization of $141.55 billion, a P/E ratio of 10.81, a PEG ratio of 1.75 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. BP plc has a 1 year low of $36.28 and a 1 year high of $47.25.
BP (NYSE:BP) last issued its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. BP had a net margin of 3.26% and a return on equity of 12.19%. The firm had revenue of $66.32 billion for the quarter, compared to analyst estimates of $64.85 billion. During the same quarter last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts predict that BP plc will post 3.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be given a $0.615 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.46 dividend on an annualized basis and a yield of 5.99%. BP’s dividend payout ratio is currently 64.21%.
A number of brokerages recently issued reports on BP. Royal Bank of Canada cut shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective on the stock. in a research note on Tuesday, April 16th. Deutsche Bank reissued a “buy” rating on shares of BP in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. BP currently has an average rating of “Buy” and a consensus target price of $55.41.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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