Investors Sell Shares of BP (BP) on Strength (BP)

Traders sold shares of BP plc (NYSE:BP) on strength during trading hours on Thursday. $41.67 million flowed into the stock on the tick-up and $94.13 million flowed out of the stock on the tick-down, for a money net flow of $52.46 million out of the stock. Of all equities tracked, BP had the 0th highest net out-flow for the day. BP traded up $0.37 for the day and closed at $43.27

Several analysts recently commented on the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.00 price target on shares of BP in a research note on Thursday, September 28th. Scotiabank reaffirmed a “buy” rating and issued a $39.00 price target on shares of BP in a research note on Wednesday, November 1st. Vetr lowered BP from a “strong-buy” rating to a “buy” rating and set a $43.32 price objective on the stock. in a research note on Wednesday, October 4th. TheStreet raised BP from a “c” rating to a “b” rating in a research note on Wednesday, November 8th. Finally, Kepler Capital Markets raised BP from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.63.

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market capitalization of $145,050.00, a P/E ratio of 37.53, a P/E/G ratio of 0.92 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.47%. This is a positive change from BP’s previous quarterly dividend of $0.60. BP’s payout ratio is currently 203.42%.

Several hedge funds have recently added to or reduced their stakes in BP. Parametric Portfolio Associates LLC raised its position in shares of BP by 13.3% during the second quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock worth $99,898,000 after acquiring an additional 338,581 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of BP by 6.2% during the third quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock worth $157,009,000 after acquiring an additional 240,212 shares during the last quarter. TIAA FSB bought a new stake in shares of BP during the second quarter worth $3,264,000. Edge Wealth Management LLC raised its position in shares of BP by 40.4% during the third quarter. Edge Wealth Management LLC now owns 315,151 shares of the oil and gas exploration company’s stock worth $12,111,000 after acquiring an additional 90,622 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of BP by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock worth $258,345,000 after acquiring an additional 61,668 shares during the last quarter. Institutional investors own 9.94% of the company’s stock.

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About BP

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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