Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of BP plc (NYSE:BP) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,164 shares of the oil and gas exploration company’s stock after selling 2,064 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in BP were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonehearth Capital Management LLC bought a new stake in shares of BP during the fourth quarter valued at approximately $115,000. Itau Unibanco Holding S.A. raised its holdings in shares of BP by 121.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 1,502 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of BP by 832.8% during the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after buying an additional 2,948 shares during the last quarter. Cable Hill Partners LLC raised its holdings in shares of BP by 639.9% during the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after buying an additional 3,078 shares during the last quarter. Finally, Country Trust Bank raised its holdings in shares of BP by 228.5% during the fourth quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock valued at $158,000 after buying an additional 2,614 shares during the last quarter. 10.05% of the stock is currently owned by institutional investors.
Shares of BP plc (NYSE BP) opened at $39.25 on Friday. BP plc has a twelve month low of $33.10 and a twelve month high of $44.62. The company has a market capitalization of $128,547.58, a P/E ratio of 20.66, a P/E/G ratio of 0.76 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.
BP (NYSE:BP) last announced 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 firm had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. BP had a return on equity of 6.19% and a net margin of 1.39%. BP’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. analysts expect that BP plc will post 2.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be given a $0.60 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.40 annualized dividend and a yield of 6.11%. BP’s dividend payout ratio (DPR) is 233.34%.
BP has been the topic of a number of recent analyst reports. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, November 7th. Vetr cut BP from a “buy” rating to a “hold” rating and set a $41.28 price target on the stock. in a report on Tuesday, December 12th. Evercore ISI lifted their price target on BP from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Scotiabank reaffirmed a “buy” rating and set a $39.00 price target on shares of BP in a report on Wednesday, November 1st. Finally, Morgan Stanley cut BP from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. BP currently has a consensus rating of “Hold” and a consensus target price of $40.82.
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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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