Pacer Advisors Inc. Has $472,000 Position in BP p.l.c. (BP)

Pacer Advisors Inc. held its position in BP p.l.c. (NYSE:BP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,679 shares of the oil and gas exploration company’s stock at the end of the first quarter. Pacer Advisors Inc.’s holdings in BP p.l.c. were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BP. Parkside Financial Bank & Trust boosted its position in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in BP p.l.c. during the first quarter worth $106,000. Crestwood Advisors Group LLC purchased a new position in BP p.l.c. during the first quarter worth $114,000. UBS Asset Management Americas Inc. purchased a new position in BP p.l.c. during the fourth quarter worth $151,000. Finally, AlphaMark Advisors LLC boosted its position in BP p.l.c. by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock worth $144,000 after buying an additional 600 shares during the last quarter. 10.05% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

Shares of BP p.l.c. (NYSE BP) opened at 36.04 on Tuesday. The firm’s 50-day moving average is $35.80 and its 200-day moving average is $35.45. The firm has a market capitalization of $118.12 billion, a price-to-earnings ratio of 53.63 and a beta of 0.99. BP p.l.c. has a 12-month low of $31.57 and a 12-month high of $38.68.

BP p.l.c. (NYSE:BP) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The business had revenue of $55.86 billion during the quarter, compared to analyst estimates of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The business’s revenue was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities research analysts forecast that BP p.l.c. will post $1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, May 12th will be paid a $0.595 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.60%. BP p.l.c.’s dividend payout ratio (DPR) is presently 366.16%.

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BP has been the subject of a number of research reports. Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 6th. J P Morgan Chase & Co reissued an “overweight” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Argus boosted their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Goldman Sachs Group, Inc. (The) reissued a “hold” rating and set a $34.70 target price on shares of BP p.l.c. in a research note on Wednesday, February 22nd. Finally, Scotiabank set a $40.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.21.

About BP p.l.c.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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