Coastline Trust Co Has $393,000 Stake in BP p.l.c. (BP)
Coastline Trust Co maintained its position in BP p.l.c. (NYSE:BP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,345 shares of the oil and gas exploration company’s stock at the close of the 2nd quarter. Coastline Trust Co’s holdings in BP p.l.c. were worth $393,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in BP. Massey Quick & Co. LLC boosted its stake in BP p.l.c. by 27,575.0% during the 1st quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock worth $3,856,000 after purchasing an additional 1,103 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in BP p.l.c. by 92.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after purchasing an additional 1,386 shares during the last quarter. Burt Wealth Advisors boosted its stake in BP p.l.c. by 6.8% during the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. IHT Wealth Management LLC boosted its stake in BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after purchasing an additional 689 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in BP p.l.c. during the 4th quarter worth $151,000. 10.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BP p.l.c. (NYSE BP) opened at 35.75 on Wednesday. BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. The company has a 50-day moving average of $35.05 and a 200 day moving average of $34.94. The stock has a market capitalization of $117.30 billion, a price-to-earnings ratio of 31.20 and a beta of 0.93.
BP p.l.c. (NYSE:BP) last issued 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 return on equity of 3.64% and a net margin of 1.74%. The business had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. During the same period in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. Equities research analysts forecast that BP p.l.c. will post $1.65 earnings per share for the current fiscal year.
The firm 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 $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is 206.96%.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet cut shares of BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Argus lifted their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Finally, Bank of America Corporation cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.26.
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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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