Kelly Lawrence W & Associates Inc. CA continued to hold its position in shares of BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,149 shares of the oil and gas exploration company’s stock at the end of the second quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in BP p.l.c. were worth $317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC boosted its position in shares of BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock worth $169,000 after buying an additional 26 shares in the last quarter. Plancorp LLC boosted its position in shares of BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock worth $437,000 after buying an additional 36 shares in the last quarter. Cambridge Trust Co. boosted its position in shares of BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 54 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock worth $485,000 after buying an additional 67 shares in the last quarter. Finally, Peddock Capital Advisors LLC boosted its position in shares of BP p.l.c. by 1.7% in the first quarter. Peddock Capital Advisors LLC now owns 5,803 shares of the oil and gas exploration company’s stock worth $200,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 9.95% of the company’s stock.

Shares of BP p.l.c. (BP) opened at 36.54 on Wednesday. The company has a market capitalization of $120.21 billion, a price-to-earnings ratio of 31.88 and a beta of 0.94. BP p.l.c. has a 52-week low of $32.53 and a 52-week high of $38.68. The firm’s 50-day moving average is $35.05 and its 200 day moving average is $35.05.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that BP p.l.c. will post $1.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 6.51%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is currently 206.96%.

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Several research analysts have recently weighed in on BP shares. Macquarie cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 6th. Jefferies Group LLC set a $36.00 price target on shares of BP p.l.c. and gave the company a “hold” rating in a report on Wednesday, May 17th. Bank of America Corporation cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Finally, Societe Generale cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.04 to $34.90 in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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.

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

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