M&R Capital Management Inc. reduced its stake in shares of BP p.l.c. (NYSE:BP) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,558 shares of the oil and gas exploration company’s stock after selling 3,228 shares during the quarter. M&R Capital Management Inc.’s holdings in BP p.l.c. were worth $2,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Simmons Bank lifted its stake in shares of BP p.l.c. by 32.7% during the 2nd quarter. Simmons Bank now owns 21,835 shares of the oil and gas exploration company’s stock worth $757,000 after purchasing an additional 5,380 shares during the last quarter. Carret Asset Management LLC lifted its stake in shares of BP p.l.c. by 3.6% during the 2nd quarter. Carret Asset Management LLC now owns 19,203 shares of the oil and gas exploration company’s stock worth $665,000 after purchasing an additional 661 shares during the last quarter. FTB Advisors Inc. lifted its stake in shares of BP p.l.c. by 4.8% during the 2nd quarter. FTB Advisors Inc. now owns 7,951 shares of the oil and gas exploration company’s stock worth $282,000 after purchasing an additional 364 shares during the last quarter. Parametric Portfolio Associates LLC lifted 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 purchasing an additional 338,581 shares during the last quarter. Finally, Lehman Financial Resources Inc. lifted its stake in shares of BP p.l.c. by 3.8% during the 2nd quarter. Lehman Financial Resources Inc. now owns 140,843 shares of the oil and gas exploration company’s stock worth $4,909,000 after purchasing an additional 5,215 shares during the last quarter. Hedge funds and other institutional investors own 10.05% of the company’s stock.

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Shares of BP p.l.c. (NYSE BP) traded up 0.664% during mid-day trading on Monday, reaching $38.514. The company’s stock had a trading volume of 2,263,571 shares. The company has a market capitalization of $126.37 billion, a price-to-earnings ratio of 33.607 and a beta of 0.95. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $38.81. The company’s 50 day moving average price is $36.26 and its 200-day moving average price is $35.43.

BP p.l.c. (NYSE:BP) last issued its 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). The business had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. Analysts predict that BP p.l.c. will post $1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, August 11th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date was Wednesday, August 9th. BP p.l.c.’s dividend payout ratio (DPR) is 206.96%.

A number of equities research analysts have commented on the company. BidaskClub cut BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the company a “hold” rating in a research note on Tuesday, August 29th. Kepler Capital Markets upgraded BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets upgraded BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Finally, Societe Generale cut BP p.l.c. from a “buy” rating to a “hold” rating and decreased their price target for the company from $35.04 to $34.90 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.09.

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

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