BP p.l.c. (NYSE:BP) Stake Increased by Kempner Capital Management Inc.

Kempner Capital Management Inc. boosted its position in shares of BP p.l.c. (NYSE:BP) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,384 shares of the oil and gas exploration company’s stock after buying an additional 6,748 shares during the period. BP p.l.c. accounts for approximately 3.4% of Kempner Capital Management Inc.’s portfolio, making the stock its 11th largest position. Kempner Capital Management Inc.’s holdings in BP p.l.c. were worth $5,142,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its stake in 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 worth $213,544,000 after buying an additional 623,612 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in BP p.l.c. by 3.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 63,117 shares of the oil and gas exploration company’s stock worth $2,179,000 after buying an additional 2,304 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in BP p.l.c. by 9.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,404 shares of the oil and gas exploration company’s stock worth $2,102,000 after buying an additional 5,086 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in BP p.l.c. by 68.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 827,125 shares of the oil and gas exploration company’s stock worth $30,918,000 after buying an additional 337,242 shares in the last quarter. Finally, Heritage Investors Management Corp raised its stake in BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock worth $793,000 after buying an additional 200 shares in the last quarter. Institutional investors own 9.96% of the company’s stock.

BP p.l.c. (BP) traded up 0.18% during midday trading on Friday, reaching $34.16. 4,741,106 shares of the company traded hands. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.68. The company has a market cap of $112.38 billion, a price-to-earnings ratio of 29.81 and a beta of 0.94. The company has a 50-day moving average price of $35.06 and a 200-day moving average price of $34.93.

BP p.l.c. (NYSE:BP) last announced its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. During the same quarter last year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts predict that BP p.l.c. will post $1.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders 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 dividend yield of 6.97%. BP p.l.c.’s dividend payout ratio (DPR) is presently 206.96%.

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A number of analysts have recently issued reports on BP shares. Kepler Capital Markets lowered shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research note on Friday, June 30th. Vetr lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating and set a $33.35 price target for the company. in a research note on Monday, May 1st. BidaskClub lowered shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday. Argus lifted their price target on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Finally, Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Four investment 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’s stock. The company 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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