Quadrant Capital Group LLC Has $528,000 Stake in BP (BP)

Quadrant Capital Group LLC lifted its position in BP (NYSE:BP) by 20.2% during the 1st quarter, HoldingsChannel reports. The fund owned 13,410 shares of the oil and gas exploration company’s stock after buying an additional 2,256 shares during the quarter. Quadrant Capital Group LLC’s holdings in BP were worth $528,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BP. Brandywine Global Investment Management LLC boosted its holdings in shares of BP by 0.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 6,386,885 shares of the oil and gas exploration company’s stock worth $268,441,000 after purchasing an additional 32,693 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of BP by 119.2% during the fourth quarter. Renaissance Technologies LLC now owns 5,801,144 shares of the oil and gas exploration company’s stock worth $243,822,000 after purchasing an additional 3,155,200 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of BP by 15.7% during 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 purchasing an additional 641,751 shares during the period. Sound Shore Management Inc. CT boosted its holdings in shares of BP by 17.6% during the first quarter. Sound Shore Management Inc. CT now owns 4,524,404 shares of the oil and gas exploration company’s stock worth $183,419,000 after purchasing an additional 676,392 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of BP by 10.0% during the first quarter. Wells Fargo & Company MN now owns 4,303,158 shares of the oil and gas exploration company’s stock worth $174,450,000 after purchasing an additional 392,966 shares during the period. 10.32% of the stock is currently owned by institutional investors and hedge funds.

BP has been the subject of a number of analyst reports. Vetr cut shares of 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 Wednesday, March 21st. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, March 6th. TheStreet upgraded shares of BP from a “c+” rating to a “b-” rating in a research note on Monday. Royal Bank of Canada upgraded shares of BP from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $33.10 to $40.10 in a research note on Monday, February 26th. Finally, Morgan Stanley cut shares of BP from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.22.

Shares of BP opened at $46.45 on Thursday, MarketBeat Ratings reports. BP has a 1 year low of $33.90 and a 1 year high of $47.83. The firm has a market cap of $155.85 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.13.

BP (NYSE:BP) last announced its earnings results on Tuesday, May 1st. The oil and gas exploration company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.11. BP had a net margin of 1.71% and a return on equity of 7.22%. The business had revenue of $68.17 billion for the quarter, compared to analyst estimates of $69.40 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. BP’s revenue was up 22.0% compared to the same quarter last year. analysts predict that BP will post 3.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, May 11th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Thursday, May 10th. BP’s dividend payout ratio (DPR) is currently 126.60%.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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