Baugh & Associates LLC raised its holdings in shares of BP plc (NYSE:BP) by 81.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,912 shares of the oil and gas exploration company’s stock after purchasing an additional 30,860 shares during the period. Baugh & Associates LLC’s holdings in BP were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in BP. FMR LLC grew its stake in shares of BP by 31.7% during the 3rd quarter. FMR LLC now owns 21,203,070 shares of the oil and gas exploration company’s stock worth $977,462,000 after acquiring an additional 5,099,444 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of BP by 31.6% in the third quarter. Renaissance Technologies LLC now owns 11,921,446 shares of the oil and gas exploration company’s stock valued at $549,579,000 after buying an additional 2,863,902 shares in the last quarter. Morgan Stanley grew its stake in shares of BP by 2.2% in the third quarter. Morgan Stanley now owns 8,320,900 shares of the oil and gas exploration company’s stock valued at $383,594,000 after buying an additional 179,526 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of BP by 790.3% in the third quarter. Fisher Asset Management LLC now owns 7,352,990 shares of the oil and gas exploration company’s stock valued at $338,973,000 after buying an additional 6,527,101 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of BP by 3.7% in the third quarter. BlackRock Inc. now owns 5,723,059 shares of the oil and gas exploration company’s stock valued at $263,833,000 after buying an additional 203,644 shares in the last quarter. Institutional investors own 11.12% of the company’s stock.
BP stock traded down $0.21 during midday trading on Friday, reaching $42.49. The company had a trading volume of 4,965,366 shares, compared to its average volume of 6,271,870. The company has a market cap of $142.05 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82. BP plc has a 1-year low of $36.28 and a 1-year high of $47.83. The company has a quick ratio of 0.91, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.
BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. The business had revenue of $75.68 billion during the quarter, compared to the consensus estimate of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. BP’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, analysts anticipate that BP plc will post 3.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, February 15th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Thursday, February 14th. BP’s dividend payout ratio (DPR) is presently 64.21%.
A number of equities analysts have commented on the stock. Wells Fargo & Co assumed coverage on shares of BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price objective for the company. Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of BP in a research report on Tuesday, October 23rd. Finally, Raymond James raised shares of BP from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.79.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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