Mondrian Investment Partners LTD boosted its position in BP plc (NYSE:BP) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294,533 shares of the oil and gas exploration company’s stock after purchasing an additional 12,681 shares during the quarter. BP comprises 1.8% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 25th biggest position. Mondrian Investment Partners LTD’s holdings in BP were worth $56,597,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BP. Family Legacy Inc. bought a new position in shares of BP in the 4th quarter worth $161,000. Silverleafe Capital Partners LLC bought a new position in shares of BP during the 4th quarter valued at $357,000. Massachusetts Financial Services Co. MA grew its holdings in shares of BP by 51.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,595,212 shares of the oil and gas exploration company’s stock valued at $98,411,000 after purchasing an additional 881,094 shares during the last quarter. Cooper Financial Group bought a new position in shares of BP during the 4th quarter valued at $252,000. Finally, Heritage Trust Co grew its holdings in shares of BP by 62.0% during the 4th quarter. Heritage Trust Co now owns 1,458 shares of the oil and gas exploration company’s stock valued at $56,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 10.86% of the company’s stock.
BP has been the topic of several recent research reports. Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Royal Bank of Canada lowered shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price on the stock. in a report on Tuesday, April 16th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BP in a report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $55.41.
BP (NYSE:BP) last posted its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. BP had a net margin of 3.26% and a return on equity of 12.19%. The firm had revenue of $66.32 billion during the quarter, compared to analysts’ expectations of $64.85 billion. During the same period last year, the company posted $0.13 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts expect that BP plc will post 3.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be paid a dividend of $0.615 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.46 dividend on an annualized basis and a yield of 5.91%. BP’s dividend payout ratio is currently 64.21%.
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BP Company 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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