WMS Partners LLC raised its stake in shares of BP plc (NYSE:BP) by 37.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,121 shares of the oil and gas exploration company’s stock after purchasing an additional 1,680 shares during the period. WMS Partners LLC’s holdings in BP were worth $232,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Premier Asset Management LLC lifted its stake in BP by 21.2% in the fourth quarter. Premier Asset Management LLC now owns 22,791 shares of the oil and gas exploration company’s stock valued at $864,000 after purchasing an additional 3,985 shares during the last quarter. Cahill Financial Advisors Inc. lifted its stake in BP by 1.3% in the fourth quarter. Cahill Financial Advisors Inc. now owns 21,274 shares of the oil and gas exploration company’s stock valued at $807,000 after purchasing an additional 273 shares during the last quarter. Hancock Whitney Corp purchased a new position in BP in the fourth quarter valued at approximately $255,000. Howard Financial Services LTD. purchased a new position in BP in the fourth quarter valued at approximately $767,000. Finally, Thrivent Financial for Lutherans lifted its stake in BP by 3,652.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 708,760 shares of the oil and gas exploration company’s stock valued at $27,031,000 after purchasing an additional 689,870 shares during the last quarter. Institutional investors and hedge funds own 10.80% of the company’s stock.
BP has been the topic of a number of analyst reports. Deutsche Bank reissued a “buy” rating on shares of BP in a report on Thursday, March 7th. Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Wells Fargo & Co initiated coverage on shares of BP in a report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. BP currently has an average rating of “Buy” and an average price target of $57.75.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.27. The firm had revenue of $75.68 billion for the quarter, compared to analysts’ expectations of $78.78 billion. BP had a net margin of 3.09% and a return on equity of 12.45%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast 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 paid a $0.615 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $2.46 dividend on an annualized basis and a yield of 5.51%. BP’s dividend payout ratio is presently 64.21%.
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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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