BP PLC (BP) Stake Decreased by GAM Holding AG
GAM Holding AG lowered its stake in BP PLC (NYSE:BP) by 30.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,079 shares of the oil and gas exploration company’s stock after selling 63,371 shares during the period. GAM Holding AG’s holdings in BP PLC were worth $5,066,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Washington Trust Bank boosted its position 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 during the period. Krilogy Financial LLC boosted 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 valued at $125,000 after buying an additional 555 shares during the period. Farmers National Bank bought a new position in shares of BP PLC during the second quarter valued at $131,000. Advisory Services Network LLC boosted 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 valued at $136,000 after buying an additional 2,119 shares during the period. Finally, Kistler Tiffany Companies LLC boosted 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 valued at $146,000 after buying an additional 26 shares during the period. 11.71% of the stock is owned by institutional investors.
BP PLC (NYSE:BP) traded up 4.45% on Wednesday, reaching $35.01. The company’s stock had a trading volume of 11,774,488 shares. The stock has a 50-day moving average of $34.77 and a 200-day moving average of $34.13. The stock’s market cap is $110.36 billion. BP PLC has a one year low of $27.01 and a one year high of $37.28.
BP PLC (NYSE:BP) last posted its quarterly earnings data on Tuesday, November 1st. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the 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 firm had revenue of $48.04 billion for the quarter, compared to the consensus estimate of $50.51 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was down 16.2% compared to the same quarter last year. On average, analysts predict that BP PLC will post $1.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 11th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Tuesday, November 8th. BP PLC’s dividend payout ratio (DPR) is currently -195.08%.
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BP has been the topic of several recent analyst reports. Barclays PLC restated a “buy” rating on shares of BP PLC in a research note on Thursday, October 6th. Vetr cut BP PLC from a “strong-buy” rating to a “buy” rating and set a $37.66 price objective on the stock. in a research note on Friday, August 12th. Jefferies Group restated a “hold” rating on shares of BP PLC in a research note on Thursday, September 8th. Societe Generale cut BP PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. 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, five have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. BP PLC presently has an average rating of “Buy” and a consensus 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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