OLD Mission Capital LLC cut its stake in BP plc (NYSE:BP) by 57.8% during the fourth quarter, Holdings Channel reports. The fund owned 175,684 shares of the oil and gas exploration company’s stock after selling 240,423 shares during the quarter. OLD Mission Capital LLC’s holdings in BP were worth $7,384,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stonehearth Capital Management LLC acquired a new position in shares of BP in the fourth quarter worth $115,000. Itau Unibanco Holding S.A. increased its stake in shares of BP by 121.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock worth $115,000 after acquiring an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of BP in the fourth quarter worth $129,000. Truewealth LLC acquired a new position in shares of BP in the fourth quarter worth $138,000. Finally, Baystate Wealth Management LLC increased its stake in shares of BP by 832.8% in the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock worth $143,000 after acquiring an additional 2,948 shares during the last quarter. 10.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of BP plc (BP) opened at $40.25 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55. BP plc has a fifty-two week low of $33.28 and a fifty-two week high of $44.62. The stock has a market cap of $131,261.52, a PE ratio of 39.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Thursday, February 15th. BP’s dividend payout ratio (DPR) is 233.34%.
A number of equities analysts have recently weighed in on the stock. Vetr downgraded shares of BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target on the stock. in a research note on Monday. Zacks Investment Research raised shares of BP from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, March 6th. ValuEngine raised shares of BP from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada raised shares of BP from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $33.10 to $40.10 in a research report on Monday, February 26th. Finally, TheStreet downgraded shares of BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.26.
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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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