Ladenburg Thalmann Financial Services Inc. grew its stake in BP plc (NYSE:BP) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,848 shares of the oil and gas exploration company’s stock after buying an additional 11,522 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in BP were worth $20,926,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in BP. Renaissance Technologies LLC grew its stake in BP by 119.2% in the 4th quarter. Renaissance Technologies LLC now owns 5,801,144 shares of the oil and gas exploration company’s stock worth $243,822,000 after buying an additional 3,155,200 shares in the last quarter. Deutsche Bank AG grew its stake in BP by 91.3% in the 4th quarter. Deutsche Bank AG now owns 4,270,553 shares of the oil and gas exploration company’s stock worth $179,488,000 after buying an additional 2,037,709 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in BP in the 4th quarter worth approximately $71,406,000. Acadian Asset Management LLC grew its stake in BP by 17.3% in the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock worth $270,881,000 after buying an additional 950,489 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in BP by 15.7% in the 4th quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock worth $197,908,000 after buying an additional 641,751 shares in the last quarter. 10.19% of the stock is owned by institutional investors and hedge funds.
Shares of BP plc (NYSE BP) opened at $39.55 on Wednesday. BP plc has a 1-year low of $33.28 and a 1-year high of $44.62. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55. The company has a market cap of $131,290.00, a price-to-earnings ratio of 30.66, a P/E/G ratio of 0.79 and a beta of 0.96.
BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. equities analysts anticipate that BP plc will post 2.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 16th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a yield of 6.07%. BP’s dividend payout ratio is currently 184.50%.
A number of equities research analysts have recently issued reports on BP shares. Societe Generale raised shares of BP from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $51.00 price objective on shares of BP in a research note on Wednesday, January 24th. Vetr raised shares of BP from a “hold” rating to a “buy” rating and set a $41.28 price objective for the company in a research note on Wednesday, December 6th. ValuEngine raised shares of BP from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research raised shares of BP from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.26.
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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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