BP p.l.c. (NYSE:BP) Shares Bought by Fairpointe Capital LLC
Fairpointe Capital LLC increased its position in BP p.l.c. (NYSE:BP) by 22.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,684 shares of the oil and gas exploration company’s stock after buying an additional 8,600 shares during the period. Fairpointe Capital LLC’s holdings in BP p.l.c. were worth $1,646,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC increased its position in BP p.l.c. by 9.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,404 shares of the oil and gas exploration company’s stock valued at $2,102,000 after buying an additional 5,086 shares in the last quarter. Orbis Allan Gray Ltd boosted its position 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 during the last quarter. Heritage Investors Management Corp boosted its position in BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock worth $793,000 after buying an additional 200 shares during the last quarter. Beacon Financial Group boosted its position in BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock worth $281,000 after buying an additional 198 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in BP p.l.c. by 45.0% in the first quarter. Sunbelt Securities Inc. now owns 8,760 shares of the oil and gas exploration company’s stock worth $302,000 after buying an additional 2,718 shares during the last quarter. 9.92% of the stock is owned by hedge funds and other institutional investors.
BP p.l.c. (NYSE:BP) traded up 0.53% during trading on Friday, hitting $36.33. The stock had a trading volume of 3,357,328 shares. The stock has a market cap of $119.52 billion, a price-to-earnings ratio of 31.70 and a beta of 0.94. BP p.l.c. has a 12 month low of $32.50 and a 12 month high of $38.68. The stock has a 50 day moving average price of $34.98 and a 200-day moving average price of $35.02.
BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. During the same quarter last year, the company earned $0.23 earnings per share. BP p.l.c.’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts predict that BP p.l.c. will post $1.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Wednesday, August 9th. BP p.l.c.’s dividend payout ratio (DPR) is 206.96%.
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A number of equities analysts recently issued reports on the company. Scotiabank set a $37.00 target price on BP p.l.c. and gave the stock a “buy” rating in a report on Tuesday. BidaskClub cut BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co restated an “overweight” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Vetr upgraded BP p.l.c. from a “sell” rating to a “hold” rating and set a $33.35 price objective on the stock in a research note on Monday, May 8th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a research report on Thursday, April 13th. Four 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. The company presently has a consensus rating of “Hold” and an average target price of $36.01.
BP p.l.c. Company Profile
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.
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