LPL Financial LLC boosted its position in BP plc (NYSE:BP) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 579,663 shares of the oil and gas exploration company’s stock after buying an additional 49,131 shares during the quarter. LPL Financial LLC’s holdings in BP were worth $24,363,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Stonehearth Capital Management LLC acquired a new position in BP in the fourth quarter valued at approximately $115,000. Itau Unibanco Holding S.A. boosted its stake in BP by 121.3% in 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 acquiring an additional 1,502 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in BP in the fourth quarter valued at approximately $129,000. Truewealth LLC acquired a new position in BP in the fourth quarter valued at approximately $138,000. Finally, Baystate Wealth Management LLC boosted its stake in BP by 832.8% in 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 acquiring an additional 2,948 shares during the period. 10.19% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the company. Vetr downgraded BP from a “strong-buy” rating to a “buy” rating and set a $44.43 target price for the company. in a research note on Monday, March 12th. Zacks Investment Research downgraded BP from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada upgraded BP from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $33.10 to $40.10 in a research report on Monday, February 26th. Finally, TheStreet downgraded BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. BP currently has an average rating of “Hold” and a consensus target price of $40.26.
Shares of BP plc (NYSE:BP) opened at $39.48 on Friday. The firm has a market capitalization of $129,176.41, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. 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 52-week low of $33.57 and a 52-week high of $44.62.
BP (NYSE:BP) last released its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm 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 revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. equities analysts predict that BP plc will post 2.73 EPS for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a yield of 6.08%. BP’s dividend payout ratio (DPR) is 233.34%.
TRADEMARK VIOLATION WARNING: “BP plc (BP) Shares Bought by LPL Financial LLC” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/17/bp-plc-bp-shares-bought-by-lpl-financial-llc.html.
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.
Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP plc (NYSE:BP).
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.