First Trust Advisors LP Acquires 31,767 Shares of BP plc (BP)

First Trust Advisors LP raised its stake in shares of BP plc (NYSE:BP) by 106.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,537 shares of the oil and gas exploration company’s stock after purchasing an additional 31,767 shares during the period. First Trust Advisors LP’s holdings in BP were worth $2,586,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BP. Acadian Asset Management LLC increased its position in BP by 17.3% during the fourth quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock worth $270,881,000 after purchasing an additional 950,489 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of BP by 15.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock worth $197,908,000 after acquiring an additional 641,751 shares in the last quarter. Jennison Associates LLC increased its position in shares of BP by 187.1% in the fourth quarter. Jennison Associates LLC now owns 809,211 shares of the oil and gas exploration company’s stock worth $34,011,000 after acquiring an additional 527,384 shares in the last quarter. Rockefeller Financial Services Inc. increased its position in shares of BP by 21.9% in the fourth quarter. Rockefeller Financial Services Inc. now owns 2,652,046 shares of the oil and gas exploration company’s stock worth $111,466,000 after acquiring an additional 477,072 shares in the last quarter. Finally, James Investment Research Inc. increased its position in shares of BP by 424.7% in the fourth quarter. James Investment Research Inc. now owns 287,348 shares of the oil and gas exploration company’s stock worth $12,077,000 after acquiring an additional 232,588 shares in the last quarter. 10.18% of the stock is owned by hedge funds and other institutional investors.

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NYSE BP traded down $0.16 during trading hours on Friday, reaching $41.76. 9,060,053 shares of the company traded hands, compared to its average volume of 5,280,555. BP plc has a 12 month low of $33.83 and a 12 month high of $44.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. The company has a market capitalization of $138,211.81, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 0.82 and a beta of 0.91.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The company had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter last year, the company earned $0.13 earnings per share. The company’s revenue was up 33.0% compared to the same quarter last year. analysts anticipate that BP plc will post 2.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, February 16th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a yield of 5.75%. BP’s dividend payout ratio (DPR) is 126.60%.

BP has been the subject of several recent research reports. Vetr lowered shares of BP from a “buy” rating to a “hold” rating and set a $41.28 price objective for the company. in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of BP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Piper Jaffray reissued a “buy” rating and issued a $51.00 price objective on shares of BP in a research report on Wednesday, January 24th. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Morgan Stanley downgraded shares of BP from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.26.

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About BP

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 (NYSE:BP)

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