Two Sigma Securities LLC Purchases Shares of 117,675 BP p.l.c. $BP

Two Sigma Securities LLC bought a new position in shares of BP p.l.c. (NYSE:BP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 117,675 shares of the oil and gas exploration company’s stock, valued at approximately $4,348,000.

A number of other institutional investors have also recently bought and sold shares of BP. Rhumbline Advisers grew its position in BP by 4.2% during the second quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock valued at $1,172,000 after purchasing an additional 1,588 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of BP by 7.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 8,295 shares of the oil and gas exploration company’s stock worth $248,000 after purchasing an additional 568 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of BP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock valued at $375,000 after purchasing an additional 398 shares in the last quarter. WFA of San Diego LLC acquired a new stake in shares of BP in the 2nd quarter valued at $46,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in BP by 7.0% in the third quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock worth $198,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Trading Down 0.0%

Shares of BP stock opened at $42.13 on Monday. The company has a market cap of $110.36 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.57 and a beta of 0.15. BP p.l.c. has a 1 year low of $32.72 and a 1 year high of $48.27. The company’s fifty day simple moving average is $41.38 and its 200-day simple moving average is $42.54. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP) last issued its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. BP had a net margin of 2.49% and a return on equity of 16.63%. The firm had revenue of $69.11 billion during the quarter, compared to the consensus estimate of $57.89 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 106.1% on a year-over-year basis. As a group, sell-side analysts expect that BP p.l.c. will post 6.08 EPS for the current year.

BP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a dividend of $0.5196 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.9%. This is a boost from BP’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. BP’s dividend payout ratio (DPR) is 100.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on BP shares. Mizuho set a $53.00 target price on BP in a report on Wednesday, August 5th. Weiss Ratings raised BP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upgraded BP from a “sector perform” rating to an “outperform” rating in a report on Monday, May 11th. Argus raised BP from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, May 11th. Finally, TD Cowen lifted their price target on shares of BP from $40.00 to $41.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BP has an average rating of “Hold” and an average target price of $46.36.

BP Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.