HL Financial Services LLC Increases Position in BP p.l.c. (BP)
HL Financial Services LLC increased its position in shares of BP p.l.c. (NYSE:BP) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,505 shares of the oil and gas exploration company’s stock after buying an additional 4,796 shares during the period. HL Financial Services LLC’s holdings in BP p.l.c. were worth $3,275,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in shares of BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the period. Feltz Wealth PLAN Inc. bought a new position in shares of BP p.l.c. during the first quarter worth approximately $106,000. Crestwood Advisors Group LLC bought a new position in shares of BP p.l.c. during the first quarter worth approximately $114,000. Pictet North America Advisors SA bought a new position in shares of BP p.l.c. during the first quarter worth approximately $128,000. Finally, IHT Wealth Management LLC raised its position in shares of BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares during the period. Institutional investors and hedge funds own 9.95% of the company’s stock.
Shares of BP p.l.c. (NYSE BP) opened at 36.54 on Wednesday. The company has a market cap of $120.21 billion, a P/E ratio of 31.88 and a beta of 0.94. BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. The stock’s 50 day moving average is $35.05 and its 200-day moving average is $35.05.
BP p.l.c. (NYSE:BP) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.39 by $0.18. The firm had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. BP p.l.c.’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. Equities research analysts forecast that BP p.l.c. will post $1.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be paid a dividend of $0.595 per share. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a yield of 6.51%. BP p.l.c.’s dividend payout ratio is currently 206.96%.
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A number of research analysts recently commented on BP shares. TheStreet upgraded shares of BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Argus upped their price target on shares of BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Scotiabank restated a “buy” rating and set a $37.00 target price on shares of BP p.l.c. in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.51.
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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