WP Advisors LLC increased its stake in shares of BP plc (NYSE:BP) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,258 shares of the oil and gas exploration company’s stock after buying an additional 694 shares during the period. BP comprises about 2.4% of WP Advisors LLC’s holdings, making the stock its 13th biggest position. WP Advisors LLC’s holdings in BP were worth $2,197,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BP. Family Legacy Inc. bought a new position in BP during the fourth quarter worth about $161,000. Silverleafe Capital Partners LLC bought a new position in BP during the fourth quarter worth about $357,000. Massachusetts Financial Services Co. MA boosted its position in shares of BP by 51.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,595,212 shares of the oil and gas exploration company’s stock valued at $98,411,000 after acquiring an additional 881,094 shares during the period. Cooper Financial Group bought a new position in shares of BP in the fourth quarter valued at approximately $252,000. Finally, Heritage Trust Co boosted its position in shares of BP by 62.0% in the fourth quarter. Heritage Trust Co now owns 1,458 shares of the oil and gas exploration company’s stock valued at $56,000 after acquiring an additional 558 shares during the period. Institutional investors and hedge funds own 10.80% of the company’s stock.
A number of equities analysts have recently commented on BP shares. Wells Fargo & Co started coverage on shares of BP in a research report on Tuesday, December 18th. They issued a “market perform” rating and a $41.00 price objective for the company. Zacks Investment Research lowered shares of BP from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank restated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. BP presently has a consensus rating of “Buy” and an average target price of $57.75.
Shares of BP stock traded up $0.15 during trading hours on Monday, reaching $44.82. The stock had a trading volume of 235,907 shares, compared to its average volume of 4,675,091. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. BP plc has a 12 month low of $36.28 and a 12 month high of $47.83. The firm has a market capitalization of $149.27 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. BP had a net margin of 3.09% and a return on equity of 12.45%. The company had revenue of $75.68 billion during the quarter, compared to analyst estimates of $78.78 billion. During the same period last year, the business earned $0.11 earnings per share. BP’s revenue was up 11.6% compared to the same quarter last year. Sell-side analysts predict that BP plc will post 3.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, February 15th were given a dividend of $0.615 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $2.46 annualized dividend and a yield of 5.49%. BP’s payout ratio is presently 64.21%.
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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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