Chou Associates Management Inc. Continues to Hold Position in BP p.l.c. (BP)
Chou Associates Management Inc. maintained its stake in BP p.l.c. (NYSE:BP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the oil and gas exploration company’s stock at the end of the third quarter. BP p.l.c. makes up 0.1% of Chou Associates Management Inc.’s holdings, making the stock its 25th largest position. Chou Associates Management Inc.’s holdings in BP p.l.c. were worth $352,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its stake in shares of BP p.l.c. 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 during the last quarter. Bank of Montreal Can acquired a new stake in shares of BP p.l.c. during the second quarter worth about $257,496,000. Financial Architects Inc increased its stake in shares of BP p.l.c. by 42.6% in the second quarter. Financial Architects Inc now owns 28,525 shares of the oil and gas exploration company’s stock worth $1,013,000 after buying an additional 8,516 shares during the last quarter. Greylin Investment Mangement Inc. increased its stake in shares of BP p.l.c. by 3.9% in the second quarter. Greylin Investment Mangement Inc. now owns 437,065 shares of the oil and gas exploration company’s stock worth $15,520,000 after buying an additional 16,408 shares during the last quarter. Finally, RNC Capital Management LLC acquired a new stake in shares of BP p.l.c. during the second quarter worth about $238,000. 11.30% of the stock is owned by institutional investors and hedge funds.
BP p.l.c. (NYSE:BP) traded down 0.26% during mid-day trading on Friday, hitting $37.66. 3,815,512 shares of the stock were exchanged. BP p.l.c. has a 52-week low of $27.01 and a 52-week high of $38.68. The stock’s market cap is $118.71 billion. The stock’s 50 day moving average is $36.51 and its 200 day moving average is $35.11.
BP p.l.c. (NYSE:BP) last released its quarterly earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The company had revenue of $48.04 billion for the quarter, compared to analyst estimates of $50.51 billion. BP p.l.c. had a negative net margin of 2.03% and a positive return on equity of 2.48%. The firm’s revenue was down 16.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. Analysts forecast that BP p.l.c. will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, November 11th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $2.38 annualized dividend and a yield of 6.32%. BP p.l.c.’s dividend payout ratio is presently -195.08%.
A number of equities research analysts have recently issued reports on BP shares. Vetr raised shares of BP p.l.c. from a “buy” rating to a “strong-buy” rating and set a $37.28 price objective for the company in a research report on Wednesday, September 21st. BNP Paribas reissued an “outperform” rating on shares of BP p.l.c. in a research report on Tuesday, October 11th. Barclays PLC reissued a “buy” rating on shares of BP p.l.c. in a research report on Thursday, October 6th. Zacks Investment Research upgraded shares of BP p.l.c. from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Howard Weil cut shares of BP p.l.c. from a “focus list” rating to an “outperform” rating and set a $42.00 target price on the stock. in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.17.
BP p.l.c. 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.
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