HWG Holdings LP acquired a new position in BP plc (NYSE:BP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,876 shares of the oil and gas exploration company’s stock, valued at approximately $541,000.

Several other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of BP by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock worth $258,345,000 after acquiring an additional 61,668 shares during the period. Russell Investments Group Ltd. lifted its position in shares of BP by 6.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock worth $157,009,000 after acquiring an additional 240,212 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of BP by 4.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,975,774 shares of the oil and gas exploration company’s stock worth $114,359,000 after acquiring an additional 126,862 shares during the period. New York State Common Retirement Fund lifted its position in shares of BP by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 605,397 shares of the oil and gas exploration company’s stock worth $23,265,000 after acquiring an additional 7,719 shares during the period. Finally, Aperio Group LLC lifted its position in shares of BP by 5.4% in the 3rd quarter. Aperio Group LLC now owns 600,460 shares of the oil and gas exploration company’s stock worth $23,076,000 after acquiring an additional 30,762 shares during the period. Institutional investors own 9.94% of the company’s stock.

Shares of BP plc (BP) traded down $1.45 on Wednesday, reaching $42.46. The company’s stock had a trading volume of 8,618,200 shares, compared to its average volume of 5,021,320. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. BP plc has a 52-week low of $33.10 and a 52-week high of $43.99. The company has a market cap of $143,690.00, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 0.93 and a beta of 0.97.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas exploration company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. BP had a return on equity of 4.52% and a net margin of 1.70%. sell-side analysts forecast that BP plc will post 1.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were given a $0.60 dividend. This is an increase from BP’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.40 annualized dividend and a yield of 5.65%. BP’s payout ratio is presently 203.42%.

BP has been the subject of several analyst reports. TheStreet upgraded BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded BP from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, November 7th. Scotiabank restated a “buy” rating and set a $39.00 target price on shares of BP in a research report on Wednesday, November 1st. Vetr downgraded BP from a “strong-buy” rating to a “buy” rating and set a $43.32 target price for the company. in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of BP in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.63.

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BP 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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