BP plc (BP) Shares Bought by Gradient Investments LLC

Gradient Investments LLC increased its stake in shares of BP plc (NYSE:BP) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,863 shares of the oil and gas exploration company’s stock after purchasing an additional 1,928 shares during the period. Gradient Investments LLC’s holdings in BP were worth $2,642,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MPS Loria Financial Planners LLC purchased a new position in BP in the 2nd quarter valued at approximately $418,000. Park National Corp OH boosted its position in BP by 6.0% in the 3rd quarter. Park National Corp OH now owns 67,699 shares of the oil and gas exploration company’s stock valued at $2,602,000 after buying an additional 3,827 shares during the period. Butensky & Cohen Financial Security Inc. boosted its position in BP by 7.3% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 49,776 shares of the oil and gas exploration company’s stock valued at $1,913,000 after buying an additional 3,370 shares during the period. Edge Wealth Management LLC boosted its position in BP by 40.4% in the 3rd quarter. Edge Wealth Management LLC now owns 315,151 shares of the oil and gas exploration company’s stock valued at $12,111,000 after buying an additional 90,622 shares during the period. Finally, Aperio Group LLC boosted its position in BP by 5.4% in the 3rd quarter. Aperio Group LLC now owns 600,460 shares of the oil and gas exploration company’s stock valued at $23,076,000 after buying an additional 30,762 shares during the period. 10.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday. Cowen restated a “hold” rating and issued a $39.00 price objective on shares of BP in a report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and issued a $51.00 price objective on shares of BP in a report on Wednesday, January 24th. TheStreet upgraded shares of BP from a “c” rating to a “b” rating in a report on Wednesday, November 8th. Finally, Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $40.94 price objective on the stock in a report on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.05.

BP plc (NYSE BP) opened at $39.11 on Monday. BP plc has a 52-week low of $33.10 and a 52-week high of $44.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $129,620.00, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92.

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 (EPS) 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 for the quarter, compared to analysts’ expectations of $56.85 billion. During the same period in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. equities analysts anticipate that BP plc will post 2.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders 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 6.14%. The ex-dividend date is Thursday, February 15th. BP’s payout ratio is currently 231.07%.

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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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Institutional Ownership by Quarter for BP (NYSE:BP)

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