Horrell Capital Management Inc. held its position in BP PLC (NYSE:BP) during the second quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the oil and gas exploration company’s stock at the end of the second quarter. Horrell Capital Management Inc.’s holdings in BP PLC were worth $211,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Washington Trust Bank raised its position in BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 2,082 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock valued at $146,000 after buying an additional 26 shares in the last quarter. Iowa State Bank purchased a new position in BP PLC during the second quarter valued at $159,000. Commonwealth Financial Services LLC raised its position in BP PLC by 6.1% in the second quarter. Commonwealth Financial Services LLC now owns 4,894 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 283 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in BP PLC by 5.6% in the second quarter. JFS Wealth Advisors LLC now owns 5,381 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 286 shares in the last quarter. Institutional investors own 12.06% of the company’s stock.
Shares of BP PLC (NYSE:BP) traded down 0.82% during trading on Monday, reaching $33.68. 4,579,521 shares of the company traded hands. The stock’s market capitalization is $105.40 billion. The firm’s 50-day moving average is $33.94 and its 200-day moving average is $32.87. BP PLC has a 12-month low of $27.01 and a 12-month high of $37.53.
BP PLC (NYSE:BP) last posted its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.05. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. The company had revenue of $46.44 billion for the quarter, compared to analysts’ expectations of $50.22 billion. During the same quarter last year, the business posted $0.07 EPS. The business’s quarterly revenue was down 25.7% on a year-over-year basis. On average, equities analysts predict that BP PLC will post $1.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 5th were paid a $0.595 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $2.38 annualized dividend and a dividend yield of 7.07%. BP PLC’s payout ratio is -139.18%.
Several research firms have recently weighed in on BP. Vetr upgraded shares of BP PLC from a “hold” rating to a “buy” rating and set a $33.74 price objective on the stock in a research note on Monday, June 13th. Citigroup Inc. reiterated a “buy” rating on shares of BP PLC in a research note on Wednesday, June 22nd. Jefferies Group upped their price target on shares of BP PLC from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, July 11th. Collins Stewart reiterated a “buy” rating on shares of BP PLC in a research note on Sunday, September 11th. Finally, Credit Agricole SA reiterated a “buy” rating on shares of BP PLC in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.63.
About BP PLC
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.
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