Baugh & Associates LLC acquired a new stake in BP plc (NYSE:BP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,427 shares of the oil and gas exploration company’s stock, valued at approximately $1,783,000.

A number of other large investors have also recently added to or reduced their stakes in BP. Stonehearth Capital Management LLC acquired a new stake in BP during the 4th quarter valued at approximately $115,000. Cable Hill Partners LLC increased its position in BP by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after purchasing an additional 3,078 shares during the period. Baystate Wealth Management LLC increased its position in BP by 832.8% during the 4th quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after purchasing an additional 2,948 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in BP during the 3rd quarter valued at approximately $151,000. Finally, Country Trust Bank increased its position in BP by 228.5% during the 4th quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock valued at $158,000 after purchasing an additional 2,614 shares during the period. 10.02% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. TheStreet downgraded shares of BP from a “b” rating to a “c+” rating in a research report on Tuesday. Societe Generale raised shares of BP from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley downgraded shares of BP from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Scotiabank reissued a “buy” rating and set a $39.00 target price on shares of BP in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of BP from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BP has a consensus rating of “Hold” and a consensus target price of $40.05.

BP plc (NYSE:BP) opened at $40.37 on Thursday. The stock has a market capitalization of $131,360.80, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92. BP plc has a twelve month low of $33.10 and a twelve month high of $44.62. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. BP had a return on equity of 6.19% and a net margin of 1.39%. BP’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. sell-side analysts anticipate that BP plc will post 2.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s payout ratio is 233.34%.

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About BP

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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