BP p.l.c. (BP) Position Boosted by Stifel Financial Corp

Stifel Financial Corp increased its position in shares of BP p.l.c. (NYSE:BP) by 6.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 529,837 shares of the oil and gas exploration company’s stock after buying an additional 32,292 shares during the period. Stifel Financial Corp’s holdings in BP p.l.c. were worth $18,235,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position in BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock valued at $169,000 after buying an additional 26 shares during the last quarter. GHP Investment Advisors Inc. raised its position in BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock valued at $485,000 after buying an additional 67 shares during the last quarter. Peddock Capital Advisors LLC raised its position in BP p.l.c. by 1.7% in the first quarter. Peddock Capital Advisors LLC now owns 5,803 shares of the oil and gas exploration company’s stock valued at $200,000 after buying an additional 98 shares during the last quarter. Beck Mack & Oliver LLC raised its position in BP p.l.c. by 1.4% in the first quarter. Beck Mack & Oliver LLC now owns 7,782 shares of the oil and gas exploration company’s stock valued at $269,000 after buying an additional 104 shares during the last quarter. Finally, Sabal Trust CO raised its position in BP p.l.c. by 0.6% in the first quarter. Sabal Trust CO now owns 23,946 shares of the oil and gas exploration company’s stock valued at $827,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 10.05% of the company’s stock.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

BP p.l.c. (BP) opened at 34.84 on Friday. BP p.l.c. has a 52 week low of $31.57 and a 52 week high of $38.68. The company has a 50-day moving average of $35.82 and a 200-day moving average of $35.45. The stock has a market cap of $114.19 billion, a P/E ratio of 51.85 and a beta of 0.99. BP p.l.c. also was the recipient of unusually large options trading on Wednesday. Stock traders acquired 499 put options on the company. This represents an increase of approximately 201% compared to the typical volume of 166 put options.

BP p.l.c. (NYSE:BP) last released its quarterly earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The firm had revenue of $55.86 billion during the quarter, compared to analysts’ expectations of $59.87 billion. BP p.l.c. had a return on equity of 3.72% and a net margin of 1.06%. BP p.l.c.’s quarterly revenue was up 45.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. On average, analysts predict that BP p.l.c. will post $1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, May 12th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Wednesday, May 10th. BP p.l.c.’s dividend payout ratio is presently 366.16%.

COPYRIGHT VIOLATION WARNING: “BP p.l.c. (BP) Position Boosted by Stifel Financial Corp” was originally reported by Mideast Time and is the sole property of of Mideast Time. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.mideasttime.com/bp-p-l-c-bp-position-boosted-by-stifel-financial-corp/1807274.html.

Several research analysts have recently commented on the stock. Macquarie lowered shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research note on Wednesday. J P Morgan Chase & Co reissued an “overweight” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Morgan Stanley reissued a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, TheStreet raised shares of BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.21.

BP p.l.c. Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP p.l.c. (NYSE:BP).

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.