M&R Capital Management Inc. reduced its position in shares of BP plc (NYSE:BP) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,686 shares of the oil and gas exploration company’s stock after selling 2,872 shares during the period. M&R Capital Management Inc.’s holdings in BP were worth $2,639,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BP. Burt Wealth Advisors boosted its holdings in shares of BP by 6.8% during the second 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 period. Vestor Capital LLC purchased a new stake in shares of BP during the second quarter worth about $116,000. Cable Hill Partners LLC boosted its holdings in shares of BP by 639.9% during the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after purchasing an additional 3,078 shares during the period. Johnson Financial Group Inc. lifted its holdings in BP by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in BP by 10.6% in the second quarter. Parallel Advisors LLC now owns 4,791 shares of the oil and gas exploration company’s stock worth $168,000 after buying an additional 459 shares during the period. Institutional investors own 9.97% of the company’s stock.

BP has been the subject of several research analyst reports. TheStreet lowered shares of BP from a “b-” rating to a “c” rating in a report on Thursday, August 10th. BidaskClub lowered shares of BP from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies set a $39.00 price objective on shares of BP and gave the stock a “buy” rating in a report on Friday, August 25th. Jefferies Group set a $36.00 price objective on shares of BP and gave the stock a “hold” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets upgraded shares of BP from a “market perform” rating to an “outperform” rating in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.89.

BP plc (NYSE BP) opened at $39.58 on Thursday. BP plc has a 1-year low of $33.10 and a 1-year high of $41.55. The stock has a market cap of $131,161.02, a P/E ratio of 29.00, a PEG ratio of 1.13 and a beta of 0.97. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.06%. This is a positive change from BP’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. BP’s dividend payout ratio (DPR) is presently 203.42%.

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BP 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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