Canandaigua National Bank & Trust Co. bought a new stake in shares of BP PLC (NYSE:BP) during the second quarter, Holdings Channel reports. The fund bought 6,127 shares of the oil and gas exploration company’s stock, valued at approximately $218,000.

Several other institutional investors have also recently modified their holdings of the stock. Washington Trust Bank boosted its position in shares of BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 2,082 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock worth $146,000 after buying an additional 26 shares in the last quarter. Iowa State Bank bought a new position in BP PLC during the second quarter worth about $159,000. Commonwealth Financial Services LLC boosted its position in BP PLC by 6.1% in the second quarter. Commonwealth Financial Services LLC now owns 4,894 shares of the oil and gas exploration company’s stock worth $174,000 after buying an additional 283 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in BP PLC by 5.6% in the second quarter. JFS Wealth Advisors LLC now owns 5,381 shares of the oil and gas exploration company’s stock worth $191,000 after buying an additional 286 shares in the last quarter. Institutional investors own 12.06% of the company’s stock.

BP PLC (NYSE:BP) traded up 1.93% on Thursday, reaching $34.26. 8,461,869 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $33.92 and its 200 day moving average price is $32.86. The company’s market cap is $107.22 billion. BP PLC has a 12 month low of $27.01 and a 12 month high of $37.53.

BP PLC (NYSE:BP) last posted its quarterly earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by $0.05. The business had revenue of $46.44 billion for the quarter, compared to analysts’ expectations of $50.22 billion. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. The company’s revenue was down 25.7% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, equities analysts expect that BP PLC will post $1.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 5th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend was Wednesday, August 3rd. BP PLC’s dividend payout ratio (DPR) is presently -139.18%.

A number of research firms recently issued reports on BP. Vetr upgraded shares of BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating on shares of BP PLC in a research report on Wednesday, June 22nd. Credit Agricole SA reiterated a “buy” rating on shares of BP PLC in a research report on Tuesday, August 16th. Morgan Stanley reiterated a “neutral” rating on shares of BP PLC in a research report on Monday, June 13th. Finally, Collins Stewart reiterated a “buy” rating on shares of BP PLC in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. BP PLC has an average rating of “Buy” and an average target price of $38.63.

BP PLC Company Profile

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

5 Day Chart for NYSE:BP

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