BP p.l.c. (BP) Shares Sold by Roundview Capital LLC
Roundview Capital LLC reduced its position in BP p.l.c. (NYSE:BP) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,804 shares of the oil and gas exploration company’s stock after selling 2,600 shares during the period. Roundview Capital LLC’s holdings in BP p.l.c. were worth $963,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massey Quick & Co. LLC lifted its stake in shares of BP p.l.c. by 27,575.0% in the 1st quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock valued at $3,856,000 after purchasing an additional 1,103 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of BP p.l.c. by 92.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after purchasing an additional 1,386 shares in the last quarter. Burt Wealth Advisors lifted its stake in shares of BP p.l.c. by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after purchasing an additional 200 shares in the last quarter. Vestor Capital LLC acquired a new position in shares of BP p.l.c. in the 2nd quarter valued at about $116,000. Finally, IHT Wealth Management LLC lifted its stake in shares of BP p.l.c. by 21.4% in the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after purchasing an additional 689 shares in the last quarter. 10.09% of the stock is currently owned by institutional investors and hedge funds.
BP p.l.c. (NYSE BP) traded up 0.32% during midday trading on Friday, reaching $37.82. The company’s stock had a trading volume of 5,581,451 shares. The firm has a market capitalization of $124.09 billion, a PE ratio of 33.00 and a beta of 0.93. The stock has a 50 day moving average of $35.30 and a 200 day moving average of $35.05. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $38.68.
BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.18). BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The firm had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. During the same quarter in the prior year, the business posted $0.23 EPS. BP p.l.c.’s revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts predict that BP p.l.c. will post $1.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 11th were given a $0.595 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.29%. BP p.l.c.’s dividend payout ratio is currently 206.96%.
BP has been the topic of several recent research reports. Scotiabank set a $37.00 price target on BP p.l.c. and gave the stock a “buy” rating in a research report on Tuesday, August 1st. BidaskClub lowered BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co reissued an “overweight” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Kepler Capital Markets lowered BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. Finally, TheStreet lowered BP p.l.c. from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.26.
BP p.l.c. Company Profile
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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