Thrivent Financial For Lutherans Sells 1,963 Shares of BP plc (BP)

Thrivent Financial For Lutherans decreased its position in BP plc (NYSE:BP) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,858 shares of the oil and gas exploration company’s stock after selling 1,963 shares during the quarter. Thrivent Financial For Lutherans’ holdings in BP were worth $919,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stonehearth Capital Management LLC bought a new stake in BP in the 4th quarter worth approximately $115,000. Itau Unibanco Holding S.A. lifted its position in BP by 121.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in BP in the 4th quarter worth approximately $129,000. Truewealth LLC bought a new stake in BP in the 4th quarter worth approximately $138,000. Finally, Baystate Wealth Management LLC lifted its position in BP by 832.8% in the 4th quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock worth $143,000 after buying an additional 2,948 shares during the last quarter. Institutional investors own 10.17% of the company’s stock.

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BP stock opened at $39.12 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16. BP plc has a 12 month low of $33.57 and a 12 month high of $44.62. The stock has a market capitalization of $129,176.41, a P/E ratio of 38.35, a PEG ratio of 0.78 and a beta of 0.98.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The business had revenue of $67.82 billion for the quarter, compared to analysts’ expectations of $56.85 billion. During the same period last year, the firm posted $0.13 earnings per share. BP’s quarterly revenue was up 33.0% on a year-over-year basis. sell-side analysts anticipate that BP plc will post 2.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.13%. BP’s dividend payout ratio (DPR) is presently 233.34%.

BP has been the subject of several recent research reports. Zacks Investment Research upgraded BP from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, March 6th. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Societe Generale upgraded BP from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $51.00 price objective on shares of BP in a research report on Wednesday, January 24th. Finally, Vetr downgraded BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price objective for the company. in a research report on Monday, February 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $40.26.

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About BP

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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