Stephens Inc. AR grew its stake in BP plc (NYSE:BP) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,257 shares of the oil and gas exploration company’s stock after buying an additional 32,948 shares during the period. Stephens Inc. AR’s holdings in BP were worth $10,635,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. FMR LLC raised its holdings in shares of BP by 22.6% during the fourth quarter. FMR LLC now owns 26,000,484 shares of the oil and gas exploration company’s stock worth $985,939,000 after purchasing an additional 4,797,414 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of BP by 1.5% during the fourth quarter. Bank of America Corp DE now owns 10,395,325 shares of the oil and gas exploration company’s stock worth $394,191,000 after purchasing an additional 152,503 shares during the last quarter. Morgan Stanley raised its holdings in shares of BP by 2.2% during the third quarter. Morgan Stanley now owns 8,320,900 shares of the oil and gas exploration company’s stock worth $383,594,000 after purchasing an additional 179,526 shares during the last quarter. BlackRock Inc. raised its holdings in shares of BP by 40.1% during the fourth quarter. BlackRock Inc. now owns 8,015,386 shares of the oil and gas exploration company’s stock worth $303,944,000 after purchasing an additional 2,292,327 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of BP by 5.8% during the fourth quarter. Fisher Asset Management LLC now owns 7,775,905 shares of the oil and gas exploration company’s stock worth $294,862,000 after purchasing an additional 422,915 shares during the last quarter. 10.86% of the stock is owned by hedge funds and other institutional investors.
BP stock opened at $41.50 on Friday. The firm has a market cap of $138.74 billion, a P/E ratio of 10.92, a PEG ratio of 1.73 and a beta of 0.78. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. BP plc has a one year low of $36.28 and a one year high of $47.83.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The company had revenue of $66.32 billion for the quarter, compared to analyst estimates of $64.85 billion. BP had a net margin of 3.26% and a return on equity of 12.19%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. Research analysts predict that BP plc will post 3.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be given a dividend of $0.615 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.46 dividend on an annualized basis and a yield of 5.93%. BP’s payout ratio is presently 64.21%.
BP has been the subject of several recent research reports. Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Royal Bank of Canada lowered shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price target on the stock. in a research report on Tuesday, April 16th. Finally, Deutsche Bank restated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.41.
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BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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