Vestpro Financial Partners Inc. dba CPF Texas Acquires New Stake in BP plc (BP)

Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in BP plc (NYSE:BP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,844 shares of the oil and gas exploration company’s stock, valued at approximately $162,000.

Several other institutional investors have also recently modified their holdings of the business. Stonehearth Capital Management LLC acquired a new position in shares of BP during the 4th quarter worth about $115,000. Cable Hill Partners LLC raised its position in shares of BP by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after purchasing an additional 3,078 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of BP by 832.8% during the 4th quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock worth $143,000 after purchasing an additional 2,948 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of BP during the 3rd quarter worth about $151,000. Finally, Country Trust Bank raised its position in shares of BP by 228.5% during the 4th quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock worth $158,000 after purchasing an additional 2,614 shares during the last quarter. Institutional investors and hedge funds own 10.02% of the company’s stock.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and set a $51.00 price target on shares of BP in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research report on Monday, January 29th. TheStreet upgraded shares of BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Evercore ISI upped their price target on shares of BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, Scotiabank restated a “buy” rating and set a $39.00 price target on shares of BP in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. BP presently has a consensus rating of “Hold” and an average price target of $40.05.

Shares of BP plc (NYSE BP) opened at $39.62 on Friday. BP plc has a one year low of $33.10 and a one year high of $44.62. The stock has a market cap of $131,129.13, a PE ratio of 21.07, a P/E/G ratio of 0.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The business had revenue of $67.82 billion for the quarter, compared to analysts’ expectations of $56.85 billion. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue was up 33.0% on a year-over-year basis. equities analysts expect that BP plc will post 2.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 16th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.40 annualized dividend and a yield of 6.06%. BP’s dividend payout ratio is presently 233.34%.

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BP 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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