American Financial Group Inc. Has $2,901,000 Position in BP PLC (BP)
American Financial Group Inc. continued to hold its stake in shares of BP PLC (NYSE:BP) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 82,500 shares of the oil and gas exploration company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in BP PLC were worth $2,901,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Washington Trust Bank increased its stake in shares of 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 valued at $118,000 after buying an additional 2,082 shares in the last quarter. Krilogy Financial LLC raised its position in 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 valued at $125,000 after buying an additional 555 shares during the last quarter. Farmers National Bank acquired a new position in BP PLC during the second quarter valued at approximately $131,000. Advisory Services Network LLC raised its position in 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 valued at $136,000 after buying an additional 2,119 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised 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 valued at $146,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 11.71% of the company’s stock.
Shares of BP PLC (NYSE:BP) traded down 0.59% on Tuesday, reaching $33.52. The company had a trading volume of 5,896,558 shares. The firm’s market capitalization is $105.66 billion. The company has a 50-day moving average price of $34.77 and a 200-day moving average price of $34.13. BP PLC has a 52-week low of $27.01 and a 52-week high of $37.28.
BP PLC (NYSE:BP) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm earned $48.04 billion during the quarter, compared to analysts’ expectations of $50.51 billion. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Equities research analysts forecast that BP PLC will post $1.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 11th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $2.38 dividend on an annualized basis and a yield of 7.10%. BP PLC’s payout ratio is -195.08%.
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Several equities analysts recently commented on the company. Deutsche Bank AG reiterated a “neutral” rating on shares of BP PLC in a research note on Monday. Societe Generale lowered BP PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Barclays PLC reiterated a “buy” rating on shares of BP PLC in a research note on Thursday, October 6th. Vetr upgraded BP PLC from a “hold” rating to a “strong-buy” rating and set a $42.32 target price for the company in a research note on Thursday, October 27th. Finally, BNP Paribas reiterated an “outperform” rating on shares of BP PLC in a research note on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target 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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