Winch Advisory Services LLC decreased its position in shares of BP plc (NYSE:BP) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,614 shares of the oil and gas exploration company’s stock after selling 473 shares during the quarter. BP makes up approximately 1.7% of Winch Advisory Services LLC’s portfolio, making the stock its 18th biggest position. Winch Advisory Services LLC’s holdings in BP were worth $3,057,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BP. FMR LLC lifted its holdings in BP by 88.5% during the 2nd quarter. FMR LLC now owns 16,103,626 shares of the oil and gas exploration company’s stock worth $735,292,000 after buying an additional 7,562,842 shares during the period. Fisher Asset Management LLC lifted its holdings in BP by 790.3% during the 3rd quarter. Fisher Asset Management LLC now owns 7,352,990 shares of the oil and gas exploration company’s stock worth $338,973,000 after buying an additional 6,527,101 shares during the period. Renaissance Technologies LLC lifted its holdings in BP by 31.6% during the 3rd quarter. Renaissance Technologies LLC now owns 11,921,446 shares of the oil and gas exploration company’s stock worth $549,579,000 after buying an additional 2,863,902 shares during the period. South Texas Money Management Ltd. lifted its holdings in BP by 10,945.6% during the 4th quarter. South Texas Money Management Ltd. now owns 830,851 shares of the oil and gas exploration company’s stock worth $31,506,000 after buying an additional 823,329 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in BP by 1,638.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 850,075 shares of the oil and gas exploration company’s stock worth $39,188,000 after buying an additional 801,175 shares during the period. 11.09% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on BP. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, November 19th. Piper Jaffray Companies reissued 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 objective on the stock. 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, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.79.
Shares of NYSE:BP traded down $0.35 during midday trading on Monday, reaching $42.14. The company’s stock had a trading volume of 172,753 shares, compared to its average volume of 6,233,067. The company has a market capitalization of $142.05 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.84 and a beta of 0.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.78. BP plc has a fifty-two week low of $36.28 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. The company had revenue of $75.68 billion for the quarter, compared to the consensus estimate of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. Analysts anticipate that BP plc will post 3.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, February 15th will be given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Thursday, February 14th. BP’s payout ratio is 64.21%.
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).
See Also: Cost of Goods Sold (COGS)
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