Capital Management Associates NY Decreases Stake in BP plc (BP)

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Capital Management Associates NY lessened its position in BP plc (NYSE:BP) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,500 shares of the oil and gas exploration company’s stock after selling 2,200 shares during the quarter. Capital Management Associates NY’s holdings in BP were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC purchased a new position in BP during the fourth quarter worth approximately $357,000. Keystone Financial Group lifted its position in BP by 25.9% during 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 buying an additional 6,210 shares in the last quarter. MML Investors Services LLC lifted its position in BP by 42.8% during 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 buying an additional 38,172 shares in the last quarter. Cooper Financial Group purchased a new position in BP during the fourth quarter worth approximately $252,000. Finally, Ahrens Investment Partners LLC lifted its position in BP by 11.1% during the third quarter. Ahrens Investment Partners LLC now owns 49,913 shares of the oil and gas exploration company’s stock worth $2,301,000 after buying an additional 4,979 shares in the last quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

NYSE:BP opened at $42.72 on Friday. BP plc has a 52 week low of $36.28 and a 52 week high of $47.83. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $142.58 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.83 and a beta of 0.82.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The company had revenue of $75.68 billion for the quarter, compared to the consensus estimate of $78.78 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, research analysts predict that BP plc will post 3.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, February 15th will be given a $0.615 dividend. The ex-dividend date is Thursday, February 14th. This represents a $2.46 dividend on an annualized basis and a yield of 5.76%. BP’s dividend payout ratio is currently 64.74%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded BP from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, November 19th. Wells Fargo & Co assumed coverage on BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price objective on the stock. Finally, Raymond James upgraded BP from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. BP currently has a consensus rating of “Buy” and a consensus price target of $53.74.

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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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