BP plc (BP) Position Reduced by SNS Financial Group LLC

SNS Financial Group LLC trimmed its position in shares of BP plc (NYSE:BP) by 12.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,634 shares of the oil and gas exploration company’s stock after selling 1,510 shares during the quarter. SNS Financial Group LLC’s holdings in BP were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stonehearth Capital Management LLC purchased a new stake in BP during the 4th quarter valued at about $115,000. Itau Unibanco Holding S.A. grew its position in BP by 121.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after purchasing an additional 1,502 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in 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 valued at $143,000 after acquiring an additional 2,948 shares during the period. Cable Hill Partners LLC lifted its stake in 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 valued at $137,000 after acquiring an additional 3,078 shares during the period. Finally, Country Trust Bank lifted its stake in 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 valued at $158,000 after acquiring an additional 2,614 shares during the period. 10.05% of the stock is currently owned by institutional investors.

BP plc (BP) opened at $39.62 on Monday. BP plc has a one year low of $33.10 and a one year high of $44.62. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. The firm has a market cap of $131,129.13, a P/E ratio of 38.84, a PEG ratio of 0.77 and a beta of 0.91.

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

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

BP has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, November 7th. Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $40.48 target price on the stock in a research note on Friday, November 17th. Evercore ISI upped their target price on shares of BP from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and set a $51.00 target price on shares of BP in a research note on Wednesday, January 24th. Finally, Cowen restated a “hold” rating and set a $39.00 target price on shares of BP in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.31.

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BP 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.

Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP plc (NYSE:BP).

Institutional Ownership by Quarter for BP (NYSE:BP)

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BP plc (BP) Position Reduced by SNS Financial Group LLC

SNS Financial Group LLC reduced its position in shares of BP plc (NYSE:BP) by 12.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,634 shares of the oil and gas exploration company’s stock after selling 1,510 shares during the quarter. SNS Financial Group LLC’s holdings in BP were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BP. Acadian Asset Management LLC increased its position in BP by 17.3% during the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock valued at $270,881,000 after purchasing an additional 950,489 shares during the period. Russell Investments Group Ltd. increased its position in BP by 15.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock valued at $197,908,000 after purchasing an additional 641,751 shares during the period. Jennison Associates LLC increased its position in BP by 187.1% during the 4th quarter. Jennison Associates LLC now owns 809,211 shares of the oil and gas exploration company’s stock valued at $34,011,000 after purchasing an additional 527,384 shares during the period. Rockefeller Financial Services Inc. increased its position in BP by 21.9% during the 4th quarter. Rockefeller Financial Services Inc. now owns 2,652,046 shares of the oil and gas exploration company’s stock valued at $111,466,000 after purchasing an additional 477,072 shares during the period. Finally, James Investment Research Inc. increased its position in BP by 424.7% during the 4th quarter. James Investment Research Inc. now owns 287,348 shares of the oil and gas exploration company’s stock valued at $12,077,000 after purchasing an additional 232,588 shares during the period. Institutional investors own 10.05% of the company’s stock.

A number of research analysts have issued reports on BP shares. Zacks Investment Research raised shares of BP from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, November 7th. Vetr raised shares of BP from a “hold” rating to a “buy” rating and set a $40.48 price objective on the stock in a research report on Friday, November 17th. Evercore ISI boosted their price objective on shares of BP from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and set a $39.00 price objective on shares of BP in a research report on Wednesday, November 1st. Finally, Morgan Stanley downgraded shares of BP from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. BP presently has an average rating of “Hold” and a consensus price target of $40.31.

Shares of BP plc (NYSE:BP) opened at $39.62 on Monday. The firm has a market cap of $131,129.13, a PE ratio of 38.84, a PEG ratio of 0.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. BP plc has a 1 year low of $33.10 and a 1 year high of $44.62.

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

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

COPYRIGHT VIOLATION WARNING: “BP plc (BP) Position Reduced by SNS Financial Group LLC” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2018/02/19/bp-plc-bp-position-reduced-by-sns-financial-group-llc.html.

BP 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.

Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP plc (NYSE:BP).

Institutional Ownership by Quarter for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.

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