Sentry Investment Management LLC cut its holdings in shares of BP plc (NYSE:BP) by 6.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,855 shares of the oil and gas exploration company’s stock after selling 5,702 shares during the period. Sentry Investment Management LLC’s holdings in BP were worth $3,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc. raised its holdings in shares of BP by 59.9% in the first quarter. TD Asset Management Inc. now owns 34,622 shares of the oil and gas exploration company’s stock worth $1,477,000 after buying an additional 12,975 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of BP during the first quarter worth $14,727,000. Private Vista LLC lifted its stake in shares of BP by 3.1% in the first quarter. Private Vista LLC now owns 10,132 shares of the oil and gas exploration company’s stock worth $441,000 after buying an additional 307 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in BP during the first quarter worth about $379,000. Finally, FineMark National Bank & Trust raised its stake in BP by 21.8% during the first quarter. FineMark National Bank & Trust now owns 40,569 shares of the oil and gas exploration company’s stock worth $1,774,000 after purchasing an additional 7,248 shares during the period. Hedge funds and other institutional investors own 10.77% of the company’s stock.

A number of equities analysts have commented on BP shares. Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a research note on Friday, February 8th. Royal Bank of Canada downgraded shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price on the stock. in a research note on Tuesday, April 16th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.41.

Shares of BP stock traded up $0.25 on Monday, reaching $42.59. The company had a trading volume of 204,008 shares, compared to its average volume of 5,100,495. The company has a market capitalization of $141.55 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. BP plc has a 52-week low of $36.28 and a 52-week high of $47.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.02.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $66.32 billion for the quarter, compared to the consensus estimate of $64.85 billion. BP had a net margin of 3.26% and a return on equity of 12.19%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Equities analysts expect that BP plc will post 3.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Thursday, May 9th. BP’s dividend payout ratio (DPR) is 64.21%.

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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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