Advisor Partners LLC Takes Position in BP p.l.c. (NYSE:BP)

Advisor Partners LLC acquired a new position in BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,806 shares of the oil and gas exploration company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in BP p.l.c. during the first quarter worth approximately $106,000. Crestwood Advisors Group LLC acquired a new stake in BP p.l.c. during the first quarter worth approximately $114,000. Pictet North America Advisors SA acquired a new stake in BP p.l.c. during the first quarter worth approximately $128,000. Finally, IHT Wealth Management LLC increased its stake in BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 9.96% of the company’s stock.

BP p.l.c. (BP) opened at 34.94 on Monday. The firm has a market capitalization of $114.94 billion, a PE ratio of 30.49 and a beta of 0.94. The company’s 50-day moving average price is $35.15 and its 200 day moving average price is $35.01. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $38.68.

BP p.l.c. (NYSE:BP) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS 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 company had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts anticipate that BP p.l.c. will post $1.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Wednesday, August 9th. BP p.l.c.’s dividend payout ratio (DPR) is presently 206.96%.

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A number of equities research analysts have commented on the company. BidaskClub upgraded BP p.l.c. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet downgraded BP p.l.c. from a “b-” rating to a “c” rating in a research report on Thursday. Scotiabank set a $37.00 target price on BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies upgraded BP p.l.c. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $36.33 to $42.00 in a research report on Friday, August 4th. Finally, Societe Generale downgraded BP p.l.c. from a “buy” rating to a “hold” rating and reduced their target price for the company from $35.04 to $34.90 in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. BP p.l.c. currently has a consensus rating of “Hold” and a consensus price target of $36.51.

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

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