GYL Financial Synergies LLC acquired a new position in BP plc (NYSE:BP) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,505 shares of the oil and gas exploration company’s stock, valued at approximately $853,000.
Several other large investors have also recently made changes to their positions in BP. Lee Financial Co grew its stake in shares of BP by 0.9% in the first quarter. Lee Financial Co now owns 25,437 shares of the oil and gas exploration company’s stock valued at $1,112,000 after buying an additional 234 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of BP by 11.9% in the first quarter. McIlrath & Eck LLC now owns 2,232 shares of the oil and gas exploration company’s stock valued at $98,000 after buying an additional 238 shares in the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of BP by 35.8% in the first quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock valued at $39,000 after buying an additional 240 shares in the last quarter. Northern Oak Wealth Management Inc. grew its stake in shares of BP by 11.1% in the first quarter. Northern Oak Wealth Management Inc. now owns 2,500 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 250 shares in the last quarter. Finally, Perkins Coie Trust Co grew its stake in shares of BP by 66.7% in the first quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 11.04% of the company’s stock.
Shares of NYSE:BP traded down $0.33 on Friday, hitting $40.89. 1,357,528 shares of the company’s stock were exchanged, compared to its average volume of 4,414,133. The stock has a market cap of $136.55 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.70 and a beta of 0.79. BP plc has a 1-year low of $36.28 and a 1-year high of $47.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.02.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $66.32 billion during the quarter, compared to analysts’ expectations of $64.85 billion. BP had a return on equity of 12.19% and a net margin of 3.26%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities research analysts predict that BP plc will post 3.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, May 9th. BP’s payout ratio is currently 64.21%.
Several research analysts recently commented on the company. Royal Bank of Canada cut BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price for the company. in a research note on Tuesday, April 16th. Deutsche Bank reissued a “buy” rating on shares of BP in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $55.41.
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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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