Amussen Hunsaker Associates LLC grew its position in shares of BP plc (NYSE:BP) by 158,800.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,178 shares of the oil and gas exploration company’s stock after acquiring an additional 3,176 shares during the quarter. Amussen Hunsaker Associates LLC’s holdings in BP were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. raised its stake in shares of BP by 131.3% during the 3rd quarter. Valley National Advisers Inc. now owns 2,202 shares of the oil and gas exploration company’s stock worth $102,000 after purchasing an additional 1,250 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of BP during the 3rd quarter worth $129,000. Squar Milner Financial Services LLC raised its stake in shares of BP by 250.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 2,835 shares of the oil and gas exploration company’s stock worth $131,000 after purchasing an additional 2,026 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of BP by 1,375.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,950 shares of the oil and gas exploration company’s stock worth $135,000 after purchasing an additional 2,750 shares during the period. Finally, Patten Group Inc. raised its stake in shares of BP by 81.1% during the 3rd quarter. Patten Group Inc. now owns 4,108 shares of the oil and gas exploration company’s stock worth $189,000 after purchasing an additional 1,840 shares during the period. 11.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on BP shares. Santander upgraded BP from an “underperform” rating to a “hold” rating in a research note on Friday, August 31st. Morgan Stanley upgraded BP from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 5th. Berenberg Bank started coverage on BP in a research note on Tuesday, September 11th. They set a “buy” rating on the stock. Redburn Partners upgraded BP from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of BP in a research note on Tuesday, October 23rd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $53.22.
BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $1.15 earnings per share (EPS) 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 business had revenue of $79.47 billion for the quarter, compared to analysts’ expectations of $75.31 billion. During the same period in the previous year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. As a group, sell-side analysts forecast that BP plc will post 3.62 EPS for the current year.
The company also recently disclosed 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. This represents a $2.46 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Thursday, November 8th. BP’s dividend payout ratio is currently 129.79%.
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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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