Montag A & Associates Inc. lifted its position in shares of BP p.l.c. (NYSE:BP) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,730 shares of the oil and gas exploration company’s stock after purchasing an additional 12,787 shares during the period. Montag A & Associates Inc.’s holdings in BP p.l.c. were worth $2,449,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BP. Burt Wealth Advisors grew its stake in 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 buying an additional 200 shares during the last quarter. Vestor Capital LLC acquired a new position in BP p.l.c. in the 2nd quarter valued at about $116,000. IHT Wealth Management LLC grew its stake in 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 buying an additional 689 shares during the last quarter. Cable Hill Partners LLC grew its stake in BP p.l.c. by 639.9% in the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after buying an additional 3,078 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in BP p.l.c. by 1.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock valued at $162,000 after buying an additional 55 shares during the last quarter. Institutional investors own 9.94% of the company’s stock.
Shares of BP p.l.c. (NYSE BP) traded down $0.20 during trading on Tuesday, hitting $39.69. 2,454,037 shares of the stock were exchanged, compared to its average volume of 5,536,417. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $41.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market cap of $130,650.00, a P/E ratio of 29.42, a PEG ratio of 1.21 and a beta of 0.98.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from BP p.l.c.’s previous quarterly dividend of $0.60. BP p.l.c.’s dividend payout ratio is 203.42%.
A number of research analysts recently commented on BP shares. 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 research note on Tuesday, August 29th. Piper Jaffray Companies set a $39.00 price target on shares of BP p.l.c. and gave the company a “buy” rating in a research note on Friday, August 25th. BMO Capital Markets upgraded shares of BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Vetr lowered shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price target on the stock. in a research note on Tuesday, October 10th. Finally, Societe Generale lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating and decreased their price target for the company from $35.04 to $34.90 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.67.
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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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