Winfield Associates Inc. lifted its holdings in BP p.l.c. (NYSE:BP – Get Rating) by 38.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,805 shares of the oil and gas exploration company’s stock after acquiring an additional 7,200 shares during the period. Winfield Associates Inc.’s holdings in BP were worth $687,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in BP. Amplius Wealth Advisors LLC bought a new stake in BP in the fourth quarter worth about $35,000. Fieldpoint Private Securities LLC lifted its stake in BP by 50.3% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,450 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 485 shares during the last quarter. Leverty Financial Group LLC purchased a new position in shares of BP during the fourth quarter worth approximately $48,000. Arlington Partners LLC increased its position in shares of BP by 62.0% during the fourth quarter. Arlington Partners LLC now owns 2,268 shares of the oil and gas exploration company’s stock worth $60,000 after acquiring an additional 868 shares during the period. Finally, Avondale Wealth Management purchased a new position in shares of BP during the fourth quarter worth approximately $66,000. 8.78% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on BP. Raymond James lifted their price objective on shares of BP from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, April 18th. Berenberg Bank cut their price objective on shares of BP from GBX 475 ($5.86) to GBX 450 ($5.55) in a report on Tuesday, March 1st. TD Securities lifted their price objective on shares of BP from $34.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, May 4th. Wells Fargo & Company lifted their price objective on shares of BP from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, March 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of BP from GBX 455 ($5.61) to GBX 450 ($5.55) in a report on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.73.
BP (NYSE:BP – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The oil and gas exploration company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.41 by $0.51. BP had a negative net margin of 9.77% and a positive return on equity of 18.70%. The firm had revenue of $49.26 billion for the quarter, compared to analyst estimates of $53.20 billion. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. As a group, analysts anticipate that BP p.l.c. will post 6.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, May 13th will be issued a dividend of $0.3276 per share. The ex-dividend date is Thursday, May 12th. This is a positive change from BP’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 4.30%. BP’s dividend payout ratio is -23.84%.
BP Company Profile (Get Rating)
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.
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