Ingalls & Snyder LLC increased its stake in shares of BP PLC (NYSE:BP) by 98.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,695 shares of the oil and gas exploration company’s stock after buying an additional 14,250 shares during the period. Ingalls & Snyder LLC’s holdings in BP PLC were worth $1,009,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in BP. Washington Trust Bank increased its stake in shares of 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. Krilogy Financial LLC increased its stake in shares of BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 555 shares in the last quarter. Farmers National Bank acquired a new stake in shares of BP PLC during the second quarter valued at about $131,000. Advisory Services Network LLC increased its stake in shares of BP PLC by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock valued at $136,000 after buying an additional 2,119 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in shares of 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. 12.06% of the stock is owned by institutional investors and hedge funds.
Shares of BP PLC (NYSE:BP) traded down 0.38% during mid-day trading on Friday, hitting $34.27. The company’s stock had a trading volume of 1,898,714 shares. The company’s market cap is $108.02 billion. The company has a 50-day moving average of $34.92 and a 200 day moving average of $34.06. BP PLC has a 1-year low of $27.01 and a 1-year high of $37.28.
BP PLC (NYSE:BP) last released its earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $48.04 billion for the quarter, compared to analyst estimates of $50.51 billion. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. BP PLC’s revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, analysts expect that BP PLC will post $1.10 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 11th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Tuesday, November 8th. BP PLC’s dividend payout ratio (DPR) is presently -195.08%.
BP has been the subject of several research analyst reports. Vetr raised BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.87 price objective for the company in a research note on Monday, August 1st. reissued a “buy” rating on shares of BP PLC in a research note on Tuesday, August 16th. Jefferies Group reissued a “hold” rating on shares of BP PLC in a research note on Thursday, September 8th. Zacks Investment Research raised BP PLC from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Collins Stewart reaffirmed a “buy” rating on shares of BP PLC in a research note on Sunday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.92.
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.
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