Trust Co. of Vermont increased its position in shares of BP p.l.c. (NYSE:BP) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,863 shares of the oil and gas exploration company’s stock after buying an additional 165 shares during the period. Trust Co. of Vermont’s holdings in BP p.l.c. were worth $238,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Massey Quick & Co. LLC increased its stake in BP p.l.c. by 27,575.0% in the first quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock worth $3,856,000 after buying an additional 1,103 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in BP p.l.c. during the first quarter worth $106,000. Crestwood Advisors Group LLC bought a new stake in BP p.l.c. during the first quarter worth $114,000. Finally, IHT Wealth Management LLC increased its stake in BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares during the last quarter. Institutional investors own 9.95% of the company’s stock.
BP p.l.c. (BP) opened at 34.94 on Friday. The firm’s 50-day moving average is $35.15 and its 200-day moving average is $35.01. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.68. The stock has a market capitalization of $114.94 billion, a P/E ratio of 30.49 and a beta of 0.94.
BP p.l.c. (NYSE:BP) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. BP p.l.c.’s revenue was up 21.7% compared to the same quarter last year. Analysts predict that BP p.l.c. will post $1.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 11th will be issued a dividend of $0.595 per share. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.81%. BP p.l.c.’s payout ratio is presently 206.96%.
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A number of equities research analysts have recently weighed in on the stock. Scotiabank set a $37.00 price target on shares of BP p.l.c. and gave the company a “buy” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies upgraded shares of BP p.l.c. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $36.33 to $42.00 in a report on Friday, August 4th. Societe Generale lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $35.04 to $34.90 in a report on Wednesday, July 26th. Finally, Argus lifted their price objective on shares of BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.51.
About BP p.l.c.
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.
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