Keybank National Association OH lessened its holdings in shares of BP plc (NYSE:BP) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 182,316 shares of the oil and gas exploration company’s stock after selling 6,254 shares during the period. Keybank National Association OH’s holdings in BP were worth $8,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its position in BP by 88.5% during the second quarter. FMR LLC now owns 16,103,626 shares of the oil and gas exploration company’s stock worth $735,292,000 after buying an additional 7,562,842 shares during the period. Bank of America Corp DE increased its position in BP by 3.8% during the second quarter. Bank of America Corp DE now owns 9,740,525 shares of the oil and gas exploration company’s stock worth $444,753,000 after buying an additional 352,355 shares during the period. Renaissance Technologies LLC increased its position in BP by 23.4% during the second quarter. Renaissance Technologies LLC now owns 9,057,544 shares of the oil and gas exploration company’s stock worth $413,567,000 after buying an additional 1,714,700 shares during the period. Fisher Asset Management LLC increased its position in BP by 790.3% during the third quarter. Fisher Asset Management LLC now owns 7,352,990 shares of the oil and gas exploration company’s stock worth $338,973,000 after buying an additional 6,527,101 shares during the period. Finally, BlackRock Inc. increased its position in BP by 27.5% during the second quarter. BlackRock Inc. now owns 5,519,415 shares of the oil and gas exploration company’s stock worth $252,017,000 after buying an additional 1,191,854 shares during the period. 11.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of BP stock opened at $40.92 on Tuesday. BP plc has a twelve month low of $36.15 and a twelve month high of $47.83. The company has a market capitalization of $135.83 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 0.64 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.29. BP had a return on equity of 11.14% and a net margin of 2.91%. The firm had revenue of $79.47 billion for the quarter, compared to the consensus estimate of $75.31 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, equities analysts expect that BP plc will post 3.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 9th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.01%. BP’s dividend payout ratio (DPR) is presently 129.79%.

BP has been the topic of several analyst reports. Zacks Investment Research downgraded BP from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. HSBC upgraded BP to a “buy” rating in a research note on Monday, July 30th. ValuEngine downgraded BP from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Goldman Sachs Group upgraded BP from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 9th. Finally, Santander upgraded BP from an “underperform” rating to a “hold” rating in a research note on Friday, August 31st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $53.22.

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BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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