Wedbush Securities Inc. boosted its position in shares of BP PLC (NYSE:BP) by 18.6% during the third quarter, Holdings Channel reports. The fund owned 52,300 shares of the oil and gas exploration company’s stock after buying an additional 8,184 shares during the period. Wedbush Securities Inc.’s holdings in BP PLC were worth $1,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Hudock Capital Group LLC raised its stake in shares of BP PLC by 0.4% in the third quarter. Hudock Capital Group LLC now owns 5,242 shares of the oil and gas exploration company’s stock worth $184,000 after buying an additional 23 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of 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 during the last quarter. Linscomb & Williams Inc. raised its stake in shares of BP PLC by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 9,963 shares of the oil and gas exploration company’s stock worth $354,000 after buying an additional 26 shares during the last quarter. South Texas Money Management Ltd. raised its stake in shares of BP PLC by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 8,174 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 28 shares during the last quarter. Finally, Brown Advisory Securities LLC raised its stake in shares of BP PLC by 0.4% in the second quarter. Brown Advisory Securities LLC now owns 13,231 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 49 shares during the last quarter. 11.71% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for BP PLC (NYSE:BP)

Shares of BP PLC (NYSE:BP) traded down 0.59% during midday trading on Tuesday, reaching $33.52. 5,901,633 shares of the company’s stock were exchanged. The stock’s market cap is $105.66 billion. BP PLC has a one year low of $27.01 and a one year high of $37.28. The firm has a 50 day moving average of $34.71 and a 200-day moving average of $34.15.

BP PLC (NYSE:BP) last announced its earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. BP PLC had a negative net margin of 2.03% and a positive return on equity of 2.48%. The business earned $48.04 billion during the quarter, compared to the consensus estimate of $50.51 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. On average, equities research analysts anticipate that BP PLC will post $1.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Tuesday, November 8th. BP PLC’s dividend payout ratio is -195.08%.

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A number of analysts recently commented on the company. reaffirmed a “buy” rating on shares of BP PLC in a research report on Tuesday, August 16th. Deutsche Bank AG reiterated a “neutral” rating on shares of BP PLC in a research note on Monday. Societe Generale downgraded BP PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Vetr downgraded BP PLC from a “strong-buy” rating to a “buy” rating and set a $37.66 price target for the company. in a research note on Friday, August 12th. Finally, Jefferies Group reiterated a “hold” rating on shares of BP PLC in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.48.

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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