Williams Jones & Associates LLC Maintains Stake in BP p.l.c. (BP)
Williams Jones & Associates LLC maintained its position in BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,903 shares of the oil and gas exploration company’s stock at the end of the second quarter. Williams Jones & Associates LLC’s holdings in BP p.l.c. were worth $412,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BP. BlackRock Inc. grew its stake in BP p.l.c. by 16,222.8% in the first quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock valued at $407,466,000 after purchasing an additional 11,731,496 shares in the last quarter. Morgan Stanley boosted its stake in shares of BP p.l.c. by 11.2% during the 1st quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock worth $213,544,000 after acquiring an additional 623,612 shares during the period. State Street Corp boosted its stake in shares of BP p.l.c. by 2.0% during the 1st quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock worth $1,074,889,000 after acquiring an additional 614,408 shares during the period. Global Financial Private Capital LLC bought a new position in shares of BP p.l.c. during the 1st quarter worth approximately $16,192,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of BP p.l.c. by 13.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock worth $99,898,000 after acquiring an additional 338,581 shares during the period. Hedge funds and other institutional investors own 10.09% of the company’s stock.
BP has been the subject of several research analyst reports. Scotiabank reiterated a “buy” rating and set a $37.00 target price on shares of BP p.l.c. in a research note on Friday, June 30th. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Piper Jaffray Companies set a $39.00 target price on BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. Vetr downgraded BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 target price for the company. in a research note on Wednesday. Finally, TheStreet downgraded BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $37.09.
Shares of BP p.l.c. (BP) opened at 38.23 on Friday. The company has a market capitalization of $125.44 billion, a P/E ratio of 33.36 and a beta of 0.95. The company has a 50-day moving average price of $36.14 and a 200 day moving average price of $35.40. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $38.81.
BP p.l.c. (NYSE:BP) last announced 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 consensus estimate 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 firm had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. During the same period last year, the company posted $0.23 earnings per share. BP p.l.c.’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts anticipate that BP p.l.c. will post $1.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 11th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend was Wednesday, August 9th. BP p.l.c.’s dividend payout ratio (DPR) is 206.96%.
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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.
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