Janus Capital Management LLC Continues to Hold Stake in BP p.l.c. (BP)

Janus Capital Management LLC maintained its position in shares of BP p.l.c. (NYSE:BP) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,300 shares of the oil and gas exploration company’s stock at the end of the first quarter. Janus Capital Management LLC’s holdings in BP p.l.c. were worth $287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BP. Parkside Financial Bank & Trust boosted its position in shares of 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 valued at $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of BP p.l.c. during the first quarter valued at $106,000. Crestwood Advisors Group LLC purchased a new position in shares of BP p.l.c. during the first quarter valued at $114,000. Pictet North America Advisors SA purchased a new position in shares of BP p.l.c. during the first quarter valued at $128,000. Finally, IHT Wealth Management LLC boosted its position in shares of 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 valued at $135,000 after buying an additional 689 shares in the last quarter. 9.95% of the stock is currently owned by institutional investors.

Shares of BP p.l.c. (BP) opened at 34.94 on Friday. The firm’s 50-day moving average price is $35.15 and its 200-day moving average price is $35.01. The firm has a market capitalization of $114.94 billion, a price-to-earnings ratio of 30.49 and a beta of 0.94. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68.

BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that BP p.l.c. will post $1.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a yield of 6.81%. BP p.l.c.’s payout ratio is 206.96%.

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BP has been the subject of several research reports. TheStreet raised BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Argus raised their target price on 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. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Scotiabank reiterated a “buy” rating and issued a $37.00 price target on shares of BP p.l.c. in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $36.51.

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.

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

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