HM Payson & Co. reduced its position in BP p.l.c. (NYSE:BP) by 17.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,899 shares of the oil and gas exploration company’s stock after selling 18,619 shares during the period. HM Payson & Co.’s holdings in BP p.l.c. were worth $3,069,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of BP. Patriot Financial Group Insurance Agency LLC increased its position in shares of BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock worth $169,000 after buying an additional 26 shares in the last quarter. Plancorp LLC increased its position in shares of BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock worth $437,000 after buying an additional 36 shares in the last quarter. Cambridge Trust Co. increased its position in shares of BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 54 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock worth $485,000 after buying an additional 67 shares in the last quarter. Finally, Peddock Capital Advisors LLC increased its position in shares of BP p.l.c. by 1.7% in the first quarter. Peddock Capital Advisors LLC now owns 5,803 shares of the oil and gas exploration company’s stock worth $200,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 9.96% of the company’s stock.
BP p.l.c. (NYSE BP) traded down 0.32% on Tuesday, hitting $34.57. 4,589,232 shares of the company’s stock were exchanged. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.68. The company has a market cap of $113.73 billion, a PE ratio of 30.17 and a beta of 0.94. The company’s 50-day moving average price is $35.14 and its 200-day moving average price is $34.97.
BP p.l.c. (NYSE:BP) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. The company had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. Analysts forecast that BP p.l.c. will post $1.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 11th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.88%. BP p.l.c.’s dividend payout ratio is presently 206.96%.
BP has been the topic of a number of recent research reports. TheStreet upgraded shares of BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Argus increased their price objective on shares of BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Scotiabank reiterated a “buy” rating and set a $37.00 price objective on shares of BP p.l.c. in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.51.
BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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