Geode Capital Management LLC Acquires 6,839 Shares of BP plc (BP)

Geode Capital Management LLC increased its holdings in BP plc (NYSE:BP) by 10.0% in the fourth quarter, HoldingsChannel reports. The firm owned 75,180 shares of the oil and gas exploration company’s stock after purchasing an additional 6,839 shares during the period. Geode Capital Management LLC’s holdings in BP were worth $3,159,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BP. Atlantic Trust Group LLC boosted its holdings in BP by 24.6% in the third quarter. Atlantic Trust Group LLC now owns 71,543 shares of the oil and gas exploration company’s stock worth $2,749,000 after purchasing an additional 14,115 shares in the last quarter. Lynch & Associates IN boosted its holdings in BP by 3.9% during the fourth quarter. Lynch & Associates IN now owns 101,050 shares of the oil and gas exploration company’s stock valued at $4,247,000 after acquiring an additional 3,808 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in BP by 11.1% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 11,718 shares of the oil and gas exploration company’s stock valued at $493,000 after acquiring an additional 1,167 shares during the period. Country Trust Bank boosted its holdings in 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 acquiring an additional 2,614 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in BP by 14.8% during the fourth quarter. North Star Investment Management Corp. now owns 32,082 shares of the oil and gas exploration company’s stock valued at $1,348,000 after acquiring an additional 4,130 shares during the period. Hedge funds and other institutional investors own 10.18% of the company’s stock.

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A number of equities research analysts have issued reports on the stock. Scotiabank restated a “buy” rating and set a $47.00 price target on shares of BP in a report on Monday, April 9th. Citigroup upgraded shares of BP from a “neutral” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research cut shares of BP from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Vetr cut shares of BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target for the company. in a report on Wednesday, March 21st. Finally, ValuEngine upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.54.

Shares of BP opened at $43.50 on Monday. The stock has a market cap of $143,970.64, a PE ratio of 23.14, a P/E/G 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 52 week low of $33.83 and a 52 week 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 Zacks’ consensus estimate of $0.66 by ($0.02). The company had revenue of $67.82 billion for the quarter, compared to analyst estimates of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. equities analysts predict that BP plc will post 2.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, February 16th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio is currently 94.68%.

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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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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