Shine Investment Advisory Services Inc. grew its holdings in shares of BP plc (NYSE:BP) by 41.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,032 shares of the oil and gas exploration company’s stock after buying an additional 300 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in BP were worth $45,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in BP by 22.6% in the 4th quarter. FMR LLC now owns 26,000,484 shares of the oil and gas exploration company’s stock worth $985,939,000 after purchasing an additional 4,797,414 shares during the period. Bank of America Corp DE raised its position in BP by 1.5% in the 4th quarter. Bank of America Corp DE now owns 10,395,325 shares of the oil and gas exploration company’s stock worth $394,191,000 after purchasing an additional 152,503 shares during the period. Morgan Stanley raised its position in BP by 2.2% in the 3rd quarter. Morgan Stanley now owns 8,320,900 shares of the oil and gas exploration company’s stock worth $383,594,000 after purchasing an additional 179,526 shares during the period. BlackRock Inc. raised its position in BP by 40.1% in the 4th quarter. BlackRock Inc. now owns 8,015,386 shares of the oil and gas exploration company’s stock worth $303,944,000 after purchasing an additional 2,292,327 shares during the period. Finally, Fisher Asset Management LLC raised its position in BP by 5.8% in the 4th quarter. Fisher Asset Management LLC now owns 7,775,905 shares of the oil and gas exploration company’s stock worth $294,862,000 after purchasing an additional 422,915 shares during the period. Hedge funds and other institutional investors own 10.80% of the company’s stock.
Shares of NYSE:BP opened at $44.48 on Wednesday. The company has a market cap of $148.70 billion, a PE ratio of 11.71, a P/E/G ratio of 1.98 and a beta of 0.80. BP plc has a one year low of $36.28 and a one year high of $47.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.04.
BP (NYSE:BP) last issued its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. The business had revenue of $75.68 billion for the quarter, compared to analyst estimates of $78.78 billion. BP had a net margin of 3.09% and a return on equity of 12.45%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Sell-side analysts anticipate that BP plc will post 3.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, February 15th were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Thursday, February 14th. BP’s dividend payout ratio (DPR) is presently 64.21%.
A number of brokerages have recently commented on BP. Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research report on Thursday, March 7th. Royal Bank of Canada lowered shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price on the stock. in a research report on Tuesday. Zacks Investment Research lowered shares of BP from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, Wells Fargo & Co began coverage on shares of BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.13.
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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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