Premier Asset Management LLC Buys 3,985 Shares of BP plc (NYSE:BP)

Premier Asset Management LLC lifted its holdings in BP plc (NYSE:BP) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,791 shares of the oil and gas exploration company’s stock after purchasing an additional 3,985 shares during the period. Premier Asset Management LLC’s holdings in BP were worth $864,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of BP by 120.0% during the third quarter. Alliancebernstein L.P. now owns 9,965 shares of the oil and gas exploration company’s stock valued at $459,000 after acquiring an additional 5,436 shares in the last quarter. BlackRock Inc. boosted its position in BP by 3.7% in the 3rd quarter. BlackRock Inc. now owns 5,723,059 shares of the oil and gas exploration company’s stock worth $263,833,000 after purchasing an additional 203,644 shares in the last quarter. FMR LLC boosted its position in BP by 31.7% in the 3rd quarter. FMR LLC now owns 21,203,070 shares of the oil and gas exploration company’s stock worth $977,462,000 after purchasing an additional 5,099,444 shares in the last quarter. CIBC World Markets Inc. boosted its position in BP by 3.5% in the 3rd quarter. CIBC World Markets Inc. now owns 272,804 shares of the oil and gas exploration company’s stock worth $12,576,000 after purchasing an additional 9,248 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new position in shares of BP during the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 10.80% of the company’s stock.

Shares of NYSE:BP remained flat at $$44.67 during midday trading on Monday. The company had a trading volume of 3,275,855 shares, compared to its average volume of 5,437,237. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market cap of $149.27 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. BP plc has a 1 year low of $36.28 and a 1 year high of $47.83.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The company had revenue of $75.68 billion during the quarter, compared to analysts’ expectations of $78.78 billion. During the same period last year, the business posted $0.11 EPS. BP’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts expect that BP plc will post 3.2 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, February 15th were issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date was Thursday, February 14th. BP’s dividend payout ratio (DPR) is 64.21%.

BP has been the topic of a number of recent analyst reports. Deutsche Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Zacks Investment Research raised BP from a “strong sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Wells Fargo & Co began coverage on BP in a research note on Tuesday, December 18th. They issued a “market perform” rating and a $41.00 target price for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.75.

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BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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