Financial Partners Capital Management LLC raised its stake in shares of BP p.l.c. (NYSE:BP) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,146 shares of the oil and gas exploration company’s stock after purchasing an additional 9,052 shares during the period. Financial Partners Capital Management LLC’s holdings in BP p.l.c. were worth $5,896,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake 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 worth $407,466,000 after buying an additional 11,731,496 shares in the last quarter. Morgan Stanley lifted its stake 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 worth $213,544,000 after buying an additional 623,612 shares in the last quarter. State Street Corp lifted its stake in shares of 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 worth $1,074,889,000 after buying an additional 614,408 shares in the last quarter. Global Financial Private Capital LLC purchased a new position in shares of BP p.l.c. in the first quarter worth about $16,192,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of BP p.l.c. by 13.3% in the second quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock worth $99,898,000 after buying an additional 338,581 shares in the last quarter. 10.05% of the stock is currently owned by institutional investors and hedge funds.
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Shares of BP p.l.c. (NYSE:BP) traded up 1.14% during midday trading on Tuesday, hitting $38.90. 1,753,754 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $36.39 and its 200 day moving average price is $35.48. The firm has a market cap of $127.63 billion, a PE ratio of 33.94 and a beta of 0.95. BP p.l.c. has a one year low of $32.53 and a one year high of $39.00.
BP p.l.c. (NYSE:BP) last released its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. BP p.l.c.’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. Equities research analysts forecast that BP p.l.c. will post $1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, August 11th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.19%. BP p.l.c.’s payout ratio is currently 206.96%.
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.
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