BP PLC (BP) Shares Sold by MSI Financial Services Inc
MSI Financial Services Inc cut its position in shares of BP PLC (NYSE:BP) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,126 shares of the oil and gas exploration company’s stock after selling 1,907 shares during the period. MSI Financial Services Inc’s holdings in BP PLC were worth $2,396,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BP. Washington Trust Bank boosted its stake in BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 2,082 shares during the period. Krilogy Financial LLC raised its position in shares of BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock worth $125,000 after buying an additional 555 shares in the last quarter. Farmers National Bank purchased a new position in shares of BP PLC during the second quarter worth $131,000. Advisory Services Network LLC raised its position in shares of BP PLC by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock worth $136,000 after buying an additional 2,119 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of 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 in the last quarter. Institutional investors own 11.71% of the company’s stock.
BP PLC (NYSE:BP) traded down 1.60% during trading on Monday, hitting $33.72. The stock had a trading volume of 5,430,987 shares. The stock’s 50 day moving average price is $34.77 and its 200 day moving average price is $34.13. BP PLC has a 12-month low of $27.01 and a 12-month high of $37.28. The firm’s market cap is $106.29 billion.
BP PLC (NYSE:BP) last posted its earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. The business earned $48.04 billion during the quarter, compared to the consensus estimate of $50.51 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was down 16.2% on a year-over-year basis. On average, analysts anticipate that BP PLC will post $1.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 11th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Tuesday, November 8th. BP PLC’s payout ratio is currently -195.08%.
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BP has been the topic of a number of research reports. Barclays PLC reissued a “buy” rating on shares of BP PLC in a report on Thursday, October 6th. reissued a “buy” rating on shares of BP PLC in a report on Tuesday, August 16th. Vetr lowered BP PLC from a “strong-buy” rating to a “buy” rating and set a $37.66 price objective on the stock. in a report on Friday, August 12th. Collins Stewart reissued a “buy” rating on shares of BP PLC in a report on Sunday, September 11th. Finally, Jefferies Group reissued a “hold” rating on shares of BP PLC in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. BP PLC presently has a consensus rating of “Buy” and a consensus target price of $37.48.
BP PLC Company Profile
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.
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