Prospera Financial Services Inc boosted its position in BP PLC (NYSE:BP) by 10.3% during the second quarter, Holdings Channel reports. The institutional investor owned 13,101 shares of the oil and gas exploration company’s stock after buying an additional 1,225 shares during the period. Prospera Financial Services Inc’s holdings in BP PLC were worth $465,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BP. IFP Advisors Inc raised its stake in shares of BP PLC by 22.4% in the first quarter. IFP Advisors Inc now owns 364,430 shares of the oil and gas exploration company’s stock worth $10,998,000 after buying an additional 66,603 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of BP PLC by 95.1% in the first quarter. Dynamic Advisors Solutions LLC now owns 21,141 shares of the oil and gas exploration company’s stock worth $638,000 after buying an additional 10,304 shares during the last quarter. GRATRY & Co LLC raised its stake in shares of BP PLC by 16.2% in the first quarter. GRATRY & Co LLC now owns 81,918 shares of the oil and gas exploration company’s stock worth $2,472,000 after buying an additional 11,404 shares during the last quarter. Aperio Group LLC raised its stake in shares of BP PLC by 18.0% in the first quarter. Aperio Group LLC now owns 506,456 shares of the oil and gas exploration company’s stock worth $15,285,000 after buying an additional 77,138 shares during the last quarter. Finally, Sanders Morris Harris Inc. bought a new stake in shares of BP PLC during the first quarter worth approximately $446,000. 12.06% of the stock is currently owned by institutional investors.
BP PLC (NYSE:BP) traded up 1.93% during mid-day trading on Thursday, reaching $34.26. 8,461,869 shares of the company’s stock were exchanged. The stock’s market cap is $107.22 billion. BP PLC has a 52-week low of $27.01 and a 52-week high of $37.53. The company has a 50-day moving average of $33.92 and a 200-day moving average of $32.86.
BP PLC (NYSE:BP) last announced its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm earned $46.44 billion during the quarter, compared to analysts’ expectations of $50.22 billion. BP PLC had a negative net margin of 2.76% and a positive return on equity of 3.32%. The business’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Equities research analysts anticipate that BP PLC will post $1.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 5th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.38 dividend on an annualized basis and a yield of 6.95%. BP PLC’s dividend payout ratio (DPR) is presently -139.18%.
Several equities research analysts have issued reports on BP shares. Citigroup Inc. reiterated a “buy” rating on shares of BP PLC in a research note on Wednesday, June 22nd. Vetr upgraded shares of BP PLC from a “hold” rating to a “buy” rating and set a $33.58 price target on the stock in a research note on Tuesday, May 31st. Collins Stewart reiterated a “buy” rating on shares of BP PLC in a research note on Thursday, June 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP PLC in a research note on Thursday, July 21st. Finally, Credit Agricole SA reiterated a “buy” rating on shares of BP PLC in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. BP PLC has a consensus rating of “Buy” and an average price target of $38.63.
BP PLC Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP PLC (NYSE:BP).
Receive News & Ratings for BP PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP PLC and related companies with MarketBeat.com's FREE daily email newsletter.