Wayne Hummer Investments L.L.C. lowered its stake in shares of BP p.l.c. (NYSE:BP) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,748 shares of the oil and gas exploration company’s stock after selling 443 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in BP p.l.c. were worth $338,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised 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 period. Feltz Wealth PLAN Inc. acquired a new position in BP p.l.c. during the first quarter worth $106,000. Crestwood Advisors Group LLC acquired a new position in BP p.l.c. during the first quarter worth $114,000. Pictet North America Advisors SA acquired a new position in BP p.l.c. during the first quarter worth $128,000. Finally, IHT Wealth Management LLC raised 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 period. 9.96% of the stock is owned by institutional investors and hedge funds.
Shares of BP p.l.c. (NYSE:BP) opened at 34.00 on Tuesday. BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. The stock has a 50 day moving average price of $35.04 and a 200 day moving average price of $34.90. The stock has a market capitalization of $111.56 billion, a P/E ratio of 29.67 and a beta of 0.94.
BP p.l.c. (NYSE:BP) last released its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.18. The company had revenue of $56.51 billion for 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%. BP p.l.c.’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 earned $0.23 earnings per share. Equities analysts forecast that BP p.l.c. will post $1.69 earnings per share for the current year.
The business 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 dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 7.00%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is currently 206.96%.
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BP has been the subject of a number of recent analyst reports. TheStreet raised BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Scotiabank reissued a “buy” rating and set a $37.00 price target on shares of BP p.l.c. in a research note on Friday, June 30th. Argus increased their price target on 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. Finally, Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the company a “hold” rating in a research note on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. BP p.l.c. currently has a consensus rating of “Hold” and a consensus price target 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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