Pinnacle Bank Invests $39,000 in BP plc (BP) Stock

Pinnacle Bank purchased a new position in shares of BP plc (NYSE:BP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,026 shares of the oil and gas exploration company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently added to or reduced their stakes in BP. Eukles Asset Management bought a new stake in BP during the 4th quarter valued at $26,000. JNBA Financial Advisors bought a new stake in BP during the 4th quarter valued at $29,000. Reilly Financial Advisors LLC boosted its holdings in BP by 98.1% during the 4th quarter. Reilly Financial Advisors LLC now owns 1,050 shares of the oil and gas exploration company’s stock worth $40,000 after acquiring an additional 520 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in BP during the 4th quarter worth $43,000. Finally, Highwater Wealth Management LLC purchased a new position in BP during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 10.83% of the company’s stock.

BP has been the topic of a number of analyst reports. Deutsche Bank reaffirmed a “buy” rating on shares of BP in a report on Thursday, March 7th. Royal Bank of Canada downgraded shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective on the stock. in a report on Tuesday, April 16th. Finally, Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.41.

Shares of NYSE:BP traded down $0.65 during midday trading on Friday, reaching $43.31. The company had a trading volume of 5,413,586 shares, compared to its average volume of 5,319,299. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.04. The company has a market capitalization of $150.51 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. BP plc has a 52-week low of $36.28 and a 52-week high of $47.83.

BP (NYSE:BP) last issued 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 Zacks’ consensus estimate of $0.77 by $0.27. BP had a net margin of 3.09% and a return on equity of 12.45%. The company had revenue of $75.68 billion for the quarter, compared to the consensus estimate of $78.78 billion. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, research analysts predict that BP plc will post 3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, February 15th were paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Thursday, February 14th. BP’s dividend payout ratio is currently 64.21%.

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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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