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

Janus Capital Management LLC maintained its stake in shares of BP p.l.c. (NYSE:BP) during the first quarter, according to its most recent filing with the SEC. The fund 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 reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of BP p.l.c. by 16,222.8% in the first quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock valued at $407,466,000 after buying an additional 11,731,496 shares during the last quarter. Morgan Stanley boosted its position in shares of BP p.l.c. by 11.2% in the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after buying an additional 623,612 shares during the last quarter. State Street Corp boosted its position in BP p.l.c. by 2.0% in the first quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock valued at $1,074,889,000 after buying an additional 614,408 shares in the last quarter. Karp Capital Management Corp purchased a new position in BP p.l.c. during the first quarter valued at approximately $17,013,000. Finally, Global Financial Private Capital LLC purchased a new position in BP p.l.c. during the first quarter valued at approximately $16,192,000. Institutional investors own 9.96% of the company’s stock.

Shares of BP p.l.c. (NYSE BP) traded up 0.18% on Friday, reaching $34.16. 4,741,106 shares of the company traded hands. The stock has a 50-day moving average price of $35.06 and a 200 day moving average price of $34.93. The firm has a market capitalization of $112.38 billion, a P/E ratio of 29.81 and a beta of 0.94. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $38.68.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share 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 company had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. BP p.l.c.’s revenue was up 21.7% on a year-over-year basis. Analysts anticipate 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. Shareholders of record on Friday, August 11th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, August 9th. BP p.l.c.’s dividend payout ratio is presently 206.96%.

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Several equities analysts have commented on BP shares. Vetr cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and set a $33.35 target price on the stock. in a research report on Monday, May 1st. Jefferies Group LLC set a $36.00 target price on shares of BP p.l.c. and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Argus lifted their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. TheStreet raised shares of BP p.l.c. from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price 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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