BP plc (BP) Stake Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in BP plc (NYSE:BP) by 15.3% during the 4th quarter, Holdings Channel reports. The firm owned 391,562 shares of the oil and gas exploration company’s stock after buying an additional 51,977 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in BP were worth $16,457,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of BP by 22.2% in the 3rd quarter. Sterling Capital Management LLC now owns 17,434 shares of the oil and gas exploration company’s stock valued at $670,000 after purchasing an additional 3,164 shares during the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of BP by 101.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 59,430 shares of the oil and gas exploration company’s stock valued at $2,498,000 after purchasing an additional 29,950 shares during the last quarter. Harvey Investment Co. LLC acquired a new position in shares of BP in the 4th quarter valued at $205,000. First Trust Advisors LP lifted its stake in shares of BP by 106.7% in the 4th quarter. First Trust Advisors LP now owns 61,537 shares of the oil and gas exploration company’s stock valued at $2,586,000 after purchasing an additional 31,767 shares during the last quarter. Finally, Zions Bancorporation lifted its stake in shares of BP by 607.3% in the 3rd quarter. Zions Bancorporation now owns 31,056 shares of the oil and gas exploration company’s stock valued at $1,193,000 after purchasing an additional 26,665 shares during the last quarter. 10.17% of the stock is currently owned by institutional investors and hedge funds.

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Shares of BP stock opened at $39.12 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $132,817.06, a PE ratio of 38.35, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. BP plc has a 12-month low of $33.57 and a 12-month high of $44.62.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. BP’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. equities research analysts expect that BP plc will post 2.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s dividend payout ratio is currently 233.34%.

Several equities analysts have recently commented on BP shares. Vetr raised BP from a “hold” rating to a “buy” rating and set a $41.28 price target on the stock in a research note on Wednesday, December 6th. Zacks Investment Research lowered BP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. TheStreet lowered BP from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Societe Generale raised BP from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, ValuEngine raised BP from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.26.

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BP 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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