Tiaa Fsb trimmed its position in BP plc (NYSE:BP) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,037 shares of the oil and gas exploration company’s stock after selling 3,767 shares during the period. Tiaa Fsb’s holdings in BP were worth $2,013,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of BP. Eukles Asset Management acquired a new position in shares of BP during the 4th quarter worth approximately $26,000. Perkins Coie Trust Co boosted its holdings in shares of BP by 66.7% during the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 252 shares during the last quarter. JNBA Financial Advisors acquired a new position in shares of BP during the 4th quarter worth approximately $29,000. Pinnacle Bank purchased a new stake in shares of BP during the 4th quarter valued at approximately $39,000. Finally, Dubuque Bank & Trust Co. raised its position in shares of BP by 35.8% during the 1st quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock valued at $39,000 after buying an additional 240 shares during the period. Institutional investors own 10.80% of the company’s stock.
Several research firms have recently commented on BP. Zacks Investment Research lowered shares of BP from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada lowered shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price target on the stock. in a research report on Tuesday. Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research report on Thursday, March 7th. Finally, Wells Fargo & Co began coverage on shares of BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. BP has a consensus rating of “Buy” and an average price target of $55.13.
BP stock opened at $44.48 on Wednesday. The company has a market cap of $148.70 billion, a PE ratio of 11.71, a PEG ratio of 1.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.04. BP plc has a one year low of $36.28 and a one year high of $47.83.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The firm had revenue of $75.68 billion for the quarter, compared to analyst estimates of $78.78 billion. BP had a net margin of 3.09% and a return on equity of 12.45%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Analysts forecast that BP plc will post 3.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, February 15th were given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, February 14th. BP’s payout ratio is 64.21%.
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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