Trust Department MB Financial Bank N A maintained its stake in shares of BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,880 shares of the oil and gas exploration company’s stock at the end of the second quarter. Trust Department MB Financial Bank N A’s holdings in BP p.l.c. were worth $377,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in BP. Parkside Financial Bank & Trust increased its position in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of BP p.l.c. during the first quarter valued at approximately $106,000. Crestwood Advisors Group LLC bought a new position in BP p.l.c. during the first quarter worth approximately $114,000. Pictet North America Advisors SA bought a new position in BP p.l.c. during the first quarter worth approximately $128,000. Finally, IHT Wealth Management LLC boosted its position in BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares in the last quarter. 9.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of BP p.l.c. (NYSE BP) traded up 0.18% on Friday, reaching $34.16. 4,741,106 shares of the company’s stock traded hands. The firm has a market cap of $112.38 billion, a P/E ratio of 29.81 and a beta of 0.94. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.68. The stock has a 50-day moving average of $35.06 and a 200 day moving average of $34.93.
BP p.l.c. (NYSE:BP) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. The firm had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that BP p.l.c. will post $1.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be issued a $0.595 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.97%. BP p.l.c.’s payout ratio is currently 206.96%.
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A number of brokerages have recently weighed in on BP. Scotiabank set a $37.00 price objective on shares of BP p.l.c. and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co restated an “overweight” rating on shares of BP p.l.c. in a report on Monday, June 12th. Vetr upgraded shares of BP p.l.c. from a “sell” rating to a “hold” rating and set a $33.35 price objective for the company in a report on Monday, May 8th. Finally, Kepler Capital Markets lowered shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $36.51.
About BP p.l.c.
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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