North Star Asset Management Inc. increased its stake in BP p.l.c. (NYSE:BP) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,092 shares of the oil and gas exploration company’s stock after buying an additional 105 shares during the period. North Star Asset Management Inc.’s holdings in BP p.l.c. were worth $245,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of BP p.l.c. by 11.2% in the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after buying an additional 623,612 shares during the period. HighPoint Advisor Group LLC increased its stake in shares of BP p.l.c. by 9.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,404 shares of the oil and gas exploration company’s stock valued at $2,102,000 after buying an additional 5,086 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of BP p.l.c. by 68.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 827,125 shares of the oil and gas exploration company’s stock valued at $30,918,000 after buying an additional 337,242 shares during the period. Heritage Investors Management Corp increased its stake in shares of BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock valued at $793,000 after buying an additional 200 shares during the period. Finally, Beacon Financial Group increased its stake in shares of BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock valued at $281,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 9.99% of the company’s stock.

BP p.l.c. (NYSE:BP) opened at 35.03 on Thursday. The company has a 50-day moving average of $35.20 and a 200-day moving average of $35.20. The company has a market capitalization of $114.81 billion, a PE ratio of 52.13 and a beta of 0.94. BP p.l.c. has a 52 week low of $32.50 and a 52 week high of $38.68.

BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The business had revenue of $55.86 billion for the quarter, compared to analysts’ expectations of $59.87 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 45.1% compared to the same quarter last year. On average, equities research analysts anticipate that BP p.l.c. will post $1.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, May 12th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend was Wednesday, May 10th. BP p.l.c.’s dividend payout ratio is presently 366.16%.

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BP has been the subject of several research reports. Scotiabank restated a “buy” rating and set a $38.00 price objective on shares of BP p.l.c. in a research report on Monday, March 27th. Zacks Investment Research downgraded shares of BP p.l.c. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 11th. Deutsche Bank AG raised shares of BP p.l.c. from a “hold” rating to a “buy” rating in a report on Tuesday, April 4th. Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a report on Thursday, April 13th. Finally, Kepler Capital Markets cut shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.10.

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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Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

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