Rodgers Brothers Inc. acquired a new position in BP plc (NYSE:BP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,167 shares of the oil and gas exploration company’s stock, valued at approximately $217,000.
Other hedge funds have also modified their holdings of the company. Stonehearth Capital Management LLC purchased a new position in shares of BP in the 4th quarter valued at approximately $115,000. Itau Unibanco Holding S.A. lifted its stake in shares of BP by 121.3% in the 4th 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 purchasing an additional 1,502 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in BP during the fourth quarter valued at $129,000. Truewealth LLC purchased a new position in BP during the fourth quarter valued at $138,000. Finally, Baystate Wealth Management LLC raised its stake in 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. Hedge funds and other institutional investors own 10.18% of the company’s stock.
NYSE BP opened at $41.76 on Friday. The stock has a market capitalization of $135,795.75, a PE ratio of 22.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.91. 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 twelve month low of $33.83 and a twelve month high of $44.62.
BP (NYSE:BP) last released its quarterly earnings data 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 business had revenue of $67.82 billion during 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%. The business’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. equities research analysts predict that BP plc will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, February 16th were given a $0.60 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.75%. BP’s dividend payout ratio is currently 126.60%.
A number of research analysts have issued reports on the company. Citigroup upgraded BP from a “neutral” rating to a “buy” rating in a research note on Thursday, March 29th. Zacks Investment Research cut BP from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Vetr cut BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target for the company. in a research note on Wednesday, March 21st. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Royal Bank of Canada upgraded BP from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $33.10 to $40.10 in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. BP currently has a consensus rating of “Hold” and a consensus target price of $40.26.
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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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