Nations Financial Group Inc. IA ADV decreased its position in shares of BP p.l.c. (NYSE:BP) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,002 shares of the oil and gas exploration company’s stock after selling 307 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in BP p.l.c. were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in shares of BP p.l.c. during the first quarter worth about $17,013,000. Global Financial Private Capital LLC purchased a new stake in BP p.l.c. during the first quarter worth approximately $16,192,000. Norges Bank purchased a new stake in BP p.l.c. during the fourth quarter worth approximately $15,632,000. Mondrian Investment Partners LTD increased its stake in BP p.l.c. by 37.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,284,089 shares of the oil and gas exploration company’s stock worth $44,327,000 after buying an additional 350,000 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in BP p.l.c. by 68.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 827,125 shares of the oil and gas exploration company’s stock worth $30,918,000 after buying an additional 337,242 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company’s stock.

BP p.l.c. (BP) traded down 0.71% during midday trading on Thursday, reaching $36.14. The company had a trading volume of 4,175,660 shares. BP p.l.c. has a one year low of $32.50 and a one year high of $38.68. The stock’s 50 day moving average is $34.98 and its 200 day moving average is $35.02. The company has a market capitalization of $118.97 billion, a PE ratio of 903.50 and a beta of 0.94.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.18. The company had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.66%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Equities research analysts forecast that BP p.l.c. will post $1.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is presently 206.96%.

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BP has been the topic of a number of research reports. Zacks Investment Research downgraded BP p.l.c. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 11th. Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a research report on Thursday, April 13th. Citigroup Inc. lowered BP p.l.c. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $38.88 to $30.66 in a research report on Wednesday, April 19th. Simmons boosted their target price on BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 19th. Finally, Vetr downgraded BP p.l.c. from a “buy” rating to a “hold” rating and set a $33.35 price target on the stock. in a report on Monday, May 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. BP p.l.c. has a consensus rating of “Hold” and an average price target of $36.01.

About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

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