BP p.l.c. (BP) Stake Held by Trust Department MB Financial Bank N A

Trust Department MB Financial Bank N A maintained its position in BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,880 shares of the oil and gas exploration company’s stock at the end of the second quarter. Trust Department MB Financial Bank N A’s holdings in BP p.l.c. were worth $377,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in BP p.l.c. during the first quarter worth approximately $106,000. Crestwood Advisors Group LLC purchased a new position in BP p.l.c. during the first quarter worth approximately $114,000. Pictet North America Advisors SA purchased a new position in BP p.l.c. during the first quarter worth approximately $128,000. Finally, IHT Wealth Management LLC boosted its position in BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares during the last quarter. 9.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of BP p.l.c. (NYSE:BP) traded up 0.18% during trading on Friday, hitting $34.16. 4,741,106 shares of the stock traded hands. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $38.68. The company has a market cap of $112.38 billion, a price-to-earnings ratio of 29.81 and a beta of 0.94. The firm’s 50-day moving average price is $35.06 and its 200-day moving average price is $34.93.

BP p.l.c. (NYSE:BP) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. The firm had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities research analysts anticipate that BP p.l.c. will post $1.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.97%. BP p.l.c.’s payout ratio is 206.96%.

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A number of research analysts have recently commented on BP shares. TheStreet raised shares of BP p.l.c. from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Morgan Stanley reissued a “buy” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Scotiabank reissued a “buy” rating and set a $37.00 target price on shares of BP p.l.c. in a research report on Friday, June 30th. Argus lifted their price target on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Finally, Jefferies Group LLC set a $36.00 price target on shares of BP p.l.c. and gave the stock a “hold” rating in a research note on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. BP p.l.c. presently has a consensus rating of “Hold” and a consensus target price of $36.51.

About BP p.l.c.

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.