Butensky & Cohen Financial Security Inc. decreased its position in shares of BP p.l.c. (NYSE:BP) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,406 shares of the oil and gas exploration company’s stock after selling 650 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in BP p.l.c. were worth $1,608,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of BP p.l.c. by 2.0% in the first quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock worth $1,074,889,000 after buying an additional 614,408 shares during the last quarter. BlackRock Inc. boosted its position in shares of BP p.l.c. by 16,222.8% in the first quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock valued at $407,466,000 after buying an additional 11,731,496 shares during the period. Morgan Stanley boosted its position 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. Russell Investments Group Ltd. boosted its position in shares of BP p.l.c. by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 4,169,463 shares of the oil and gas exploration company’s stock valued at $143,927,000 after buying an additional 309,046 shares during the period. Finally, Sound Shore Management Inc. CT boosted its position in shares of BP p.l.c. by 8.1% in the first quarter. Sound Shore Management Inc. CT now owns 4,069,591 shares of the oil and gas exploration company’s stock valued at $140,482,000 after buying an additional 303,382 shares during the period. 9.99% of the stock is currently owned by hedge funds and other institutional investors.

BP p.l.c. (NYSE BP) traded down 1.0387% during midday trading on Friday, hitting $34.7354. 1,924,738 shares of the stock traded hands. BP p.l.c. has a 12 month low of $32.50 and a 12 month high of $38.68. The firm has a market cap of $113.84 billion, a PE ratio of 51.6896 and a beta of 0.94. The company’s 50 day moving average price is $35.17 and its 200 day moving average price is $35.20.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, May 12th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Wednesday, May 10th. BP p.l.c.’s payout ratio is 366.16%.

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BP has been the topic of several recent research reports. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Macquarie cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 21st. Scotiabank reiterated a “buy” rating and issued a $38.00 price objective on shares of BP p.l.c. in a research note on Monday, March 27th. Zacks Investment Research cut shares of BP p.l.c. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 11th. Finally, Simmons increased their price objective on shares of BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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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