Sanders Capital LLC raised its position in shares of BP PLC (NYSE:BP) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,213,039 shares of the oil and gas exploration company’s stock after buying an additional 15,275 shares during the period. Sanders Capital LLC owned approximately 0.10% of BP PLC worth $114,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its position in BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock worth $146,000 after buying an additional 26 shares during the last quarter. V Wealth Management LLC boosted its stake in shares of BP PLC by 0.3% in the second quarter. V Wealth Management LLC now owns 18,706 shares of the oil and gas exploration company’s stock worth $669,000 after buying an additional 58 shares during the period. BKD Wealth Advisors LLC boosted its stake in shares of BP PLC by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 18,509 shares of the oil and gas exploration company’s stock worth $657,000 after buying an additional 65 shares during the period. Coastline Trust Co boosted its stake in shares of BP PLC by 0.8% in the second quarter. Coastline Trust Co now owns 8,290 shares of the oil and gas exploration company’s stock worth $294,000 after buying an additional 65 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of BP PLC by 1.5% in the second quarter. Carroll Financial Associates Inc. now owns 7,303 shares of the oil and gas exploration company’s stock worth $259,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 12.06% of the company’s stock.

Institutional Ownership by Quarter for BP PLC (NYSE:BP)

BP PLC (NYSE:BP) traded up 0.61% during trading on Friday, reaching $36.17. The company had a trading volume of 4,671,413 shares. The firm’s market capitalization is $113.19 billion. BP PLC has a 52-week low of $27.01 and a 52-week high of $37.53. The company has a 50-day moving average of $34.32 and a 200-day moving average of $33.17.

BP PLC (NYSE:BP) last issued its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.05. BP PLC had a negative net margin of 2.76% and a positive return on equity of 3.32%. The company earned $46.44 billion during the quarter, compared to analyst estimates of $50.22 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was down 25.7% on a year-over-year basis. Analysts expect that BP PLC will post $1.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 5th were paid a $0.595 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $2.38 dividend on an annualized basis and a yield of 6.58%. BP PLC’s payout ratio is currently -139.18%.

BP has been the subject of a number of recent research reports. Vetr raised BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Monday, June 20th. Citigroup Inc. reaffirmed a “buy” rating on shares of BP PLC in a research report on Wednesday, June 22nd. Credit Agricole SA reaffirmed a “buy” rating on shares of BP PLC in a research report on Tuesday, August 16th. Morgan Stanley reaffirmed a “neutral” rating on shares of BP PLC in a research report on Monday, June 13th. Finally, Collins Stewart reaffirmed a “buy” rating on shares of BP PLC in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.63.

About BP PLC

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

5 Day Chart for NYSE:BP

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