BP p.l.c. (BP) Holdings Cut by Edge Advisors LLC

Edge Advisors LLC lessened its holdings in BP p.l.c. (NYSE:BP) by 58.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,641 shares of the oil and gas exploration company’s stock after selling 142,683 shares during the quarter. Edge Advisors LLC’s holdings in BP p.l.c. were worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. M Holdings Securities Inc. grew its stake in shares of BP p.l.c. by 5.7% during the 1st quarter. M Holdings Securities Inc. now owns 7,482 shares of the oil and gas exploration company’s stock worth $258,000 after acquiring an additional 406 shares during the period. Park National Corp OH grew its stake in shares of BP p.l.c. by 11.9% during the 2nd quarter. Park National Corp OH now owns 63,872 shares of the oil and gas exploration company’s stock worth $2,214,000 after acquiring an additional 6,807 shares during the period. Indiana Trust & Investment Management CO grew its stake in shares of BP p.l.c. by 54.1% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 9,993 shares of the oil and gas exploration company’s stock worth $346,000 after acquiring an additional 3,510 shares during the period. First Command Bank grew its stake in shares of BP p.l.c. by 65.0% during the 2nd quarter. First Command Bank now owns 7,510 shares of the oil and gas exploration company’s stock worth $259,000 after acquiring an additional 2,958 shares during the period. Finally, Cornerstone Investment Partners LLC grew its stake in shares of BP p.l.c. by 0.5% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 30,491 shares of the oil and gas exploration company’s stock worth $1,057,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 10.00% of the company’s stock.

BP p.l.c. (NYSE BP) traded down $0.01 during trading hours on Monday, hitting $39.09. The company’s stock had a trading volume of 1,746,520 shares, compared to its average volume of 5,504,272. BP p.l.c. has a 1 year low of $33.10 and a 1 year high of $41.55. The stock has a market cap of $128,910.00, a PE ratio of 28.53, a P/E/G ratio of 1.11 and a beta of 0.98. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, November 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.40 annualized dividend and a dividend yield of 6.14%. This is a boost from BP p.l.c.’s previous quarterly dividend of $0.60. BP p.l.c.’s dividend payout ratio (DPR) is presently 203.42%.

Several research firms have recently weighed in on BP. Scotiabank set a $37.00 price target on BP p.l.c. and gave the stock a “buy” rating in a research note on Tuesday, August 1st. BidaskClub downgraded BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. TheStreet downgraded BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Vetr downgraded BP p.l.c. from a “buy” rating to a “hold” rating and set a $40.67 price target for the company. in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded BP p.l.c. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. BP p.l.c. has a consensus rating of “Hold” and an average target price of $38.66.

COPYRIGHT VIOLATION WARNING: “BP p.l.c. (BP) Holdings Cut by Edge Advisors LLC” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/20/bp-p-l-c-bp-holdings-cut-by-edge-advisors-llc.html.

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.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply