Checchi Capital Advisers LLC decreased its position in BP plc (NYSE:BP) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,830 shares of the oil and gas exploration company’s stock after selling 2,008 shares during the period. Checchi Capital Advisers LLC’s holdings in BP were worth $828,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Keystone Financial Group lifted its stake in BP by 25.9% in the third quarter. Keystone Financial Group now owns 30,214 shares of the oil and gas exploration company’s stock worth $1,413,000 after acquiring an additional 6,210 shares during the period. Silverleafe Capital Partners LLC purchased a new stake in BP in the fourth quarter worth $357,000. MML Investors Services LLC lifted its stake in BP by 42.8% in the third quarter. MML Investors Services LLC now owns 127,292 shares of the oil and gas exploration company’s stock worth $5,868,000 after acquiring an additional 38,172 shares during the period. Russell Investments Group Ltd. lifted its stake in BP by 8.2% in the third quarter. Russell Investments Group Ltd. now owns 3,577,573 shares of the oil and gas exploration company’s stock worth $165,387,000 after acquiring an additional 270,289 shares during the period. Finally, Cooper Financial Group purchased a new stake in BP in the fourth quarter worth $252,000. Hedge funds and other institutional investors own 11.09% of the company’s stock.
Shares of BP stock opened at $42.29 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market cap of $141.38 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.84 and a beta of 0.82. BP plc has a 12 month low of $36.28 and a 12 month high of $47.83.
BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.77 by $0.27. The business had revenue of $75.68 billion during the quarter, compared to analyst estimates of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Sell-side analysts anticipate that BP plc will post 3.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, February 15th will be given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 5.82%. The ex-dividend date is Thursday, February 14th. BP’s dividend payout ratio is currently 64.21%.
A number of brokerages recently commented on BP. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, November 19th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of BP in a research note on Tuesday, October 23rd. Wells Fargo & Co began coverage on BP in a research note on Tuesday, December 18th. They issued a “market perform” rating and a $41.00 price target for the company. Finally, Raymond James raised BP from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. BP has an average rating of “Buy” and an average price target of $51.79.
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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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