BP plc (BP) Stake Lifted by Lynch & Associates IN

Lynch & Associates IN grew its holdings in BP plc (NYSE:BP) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,050 shares of the oil and gas exploration company’s stock after purchasing an additional 3,808 shares during the quarter. BP comprises about 1.6% of Lynch & Associates IN’s portfolio, making the stock its 27th biggest position. Lynch & Associates IN’s holdings in BP were worth $4,247,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vestor Capital LLC bought a new stake in BP during the 2nd quarter worth approximately $116,000. Cable Hill Partners LLC increased its holdings 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 worth $137,000 after purchasing an additional 3,078 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in BP during the 3rd quarter worth approximately $151,000. Johnson Financial Group Inc. increased its holdings in BP by 1.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after purchasing an additional 55 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new stake in BP during the 2nd quarter worth approximately $211,000. 9.96% of the stock is currently owned by institutional investors.

BP plc (NYSE:BP) traded up $0.49 during trading hours on Thursday, hitting $42.87. The company’s stock had a trading volume of 4,753,500 shares, compared to its average volume of 4,479,200. The stock has a market capitalization of $140,940.00, a P/E ratio of 36.64, a P/E/G ratio of 0.90 and a beta of 0.97. BP plc has a 12-month low of $33.10 and a 12-month high of $42.89. 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.40 annualized dividend and a dividend yield of 5.60%. This is an increase from BP’s previous quarterly dividend of $0.60. BP’s dividend payout ratio is currently 203.42%.

BP has been the subject of a number of recent research reports. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, November 7th. Vetr raised BP from a “hold” rating to a “buy” rating and set a $40.48 target price for the company in a report on Friday, November 17th. Evercore ISI upped their target price on BP from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Scotiabank reaffirmed a “buy” rating and issued a $39.00 target price on shares of BP in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.00 target price on shares of BP in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. BP presently has an average rating of “Hold” and a consensus target price of $38.63.

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BP 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.

Institutional Ownership by Quarter for BP (NYSE:BP)

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