Brown Advisory Securities LLC cut its stake in BP plc (NYSE:BP) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,021 shares of the oil and gas exploration company’s stock after selling 4,177 shares during the period. Brown Advisory Securities LLC’s holdings in BP were worth $506,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of BP. Aperio Group LLC grew its holdings in BP by 5.4% during the 3rd quarter. Aperio Group LLC now owns 600,460 shares of the oil and gas exploration company’s stock worth $23,076,000 after acquiring an additional 30,762 shares in the last quarter. Carroll Financial Associates Inc. grew its holdings in BP by 29.1% during the 3rd quarter. Carroll Financial Associates Inc. now owns 9,684 shares of the oil and gas exploration company’s stock worth $373,000 after acquiring an additional 2,183 shares in the last quarter. Cable Hill Partners LLC grew its holdings in BP by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after acquiring an additional 3,078 shares in the last quarter. IFP Advisors Inc grew its holdings in BP by 12.3% during the 3rd quarter. IFP Advisors Inc now owns 452,664 shares of the oil and gas exploration company’s stock worth $17,396,000 after acquiring an additional 49,641 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in BP by 3.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 369,940 shares of the oil and gas exploration company’s stock worth $14,217,000 after acquiring an additional 13,323 shares in the last quarter. Institutional investors own 10.05% of the company’s stock.
A number of research firms have recently weighed in on BP. Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $41.28 price target on the stock in a report on Wednesday, December 6th. Zacks Investment Research cut shares of BP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. TheStreet cut shares of BP from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Finally, Scotiabank restated a “buy” rating and issued a $39.00 price target on shares of BP in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $40.31.
BP plc (NYSE:BP) opened at $38.84 on Thursday. The company has a market cap of $130,798.16, a P/E ratio of 21.02, a P/E/G ratio of 0.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. BP plc has a 1 year low of $33.10 and a 1 year high of $44.62.
BP (NYSE:BP) last announced its quarterly earnings data 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 company had revenue of $67.82 billion during the quarter, compared to analysts’ expectations of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. research analysts anticipate that BP plc will post 2.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Thursday, February 15th. BP’s payout ratio is currently 233.34%.
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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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