Nomura Holdings Inc. Invests $8,813,000 in BP PLC (BP)
Nomura Holdings Inc. acquired a new stake in BP PLC (NYSE:BP) during the second quarter, Holdings Channel reports. The fund acquired 251,521 shares of the oil and gas exploration company’s stock, valued at approximately $8,813,000.
Several other hedge funds have also modified their holdings of BP. Norges Bank purchased a new position in BP PLC during the fourth quarter valued at about $12,118,000. BLB&B Advisors LLC raised its position in BP PLC by 9.8% in the first quarter. BLB&B Advisors LLC now owns 46,142 shares of the oil and gas exploration company’s stock valued at $1,393,000 after buying an additional 4,120 shares during the last quarter. Van Cleef Asset Management Inc raised its position in BP PLC by 3.2% in the first quarter. Van Cleef Asset Management Inc now owns 182,726 shares of the oil and gas exploration company’s stock valued at $5,515,000 after buying an additional 5,689 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in BP PLC during the first quarter valued at about $374,000. Finally, Sigma Planning Corp raised its position in BP PLC by 9.5% in the first quarter. Sigma Planning Corp now owns 40,001 shares of the oil and gas exploration company’s stock valued at $1,207,000 after buying an additional 3,486 shares during the last quarter. 12.65% of the stock is currently owned by institutional investors.
Shares of BP PLC (NYSE:BP) opened at 33.44 on Tuesday. The stock’s market capitalization is $104.65 billion. BP PLC has a 1-year low of $27.01 and a 1-year high of $37.53. The firm has a 50-day moving average of $33.88 and a 200 day moving average of $32.83.
BP PLC (NYSE:BP) last issued its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.05. The firm earned $46.44 billion during the quarter, compared to analysts’ expectations of $50.22 billion. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. The firm’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. Analysts predict that BP PLC will post $1.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 5th were issued a $0.595 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $2.38 annualized dividend and a yield of 7.12%. BP PLC’s dividend payout ratio (DPR) is presently -139.18%.
Several brokerages have recently weighed in on BP. Vetr lowered shares of BP PLC from a “buy” rating to a “hold” rating and set a $36.40 price objective on the stock. in a report on Monday, July 4th. Credit Suisse Group AG upgraded shares of BP PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP PLC in a report on Thursday, July 21st. Jefferies Group upped their price objective on shares of BP PLC from $31.00 to $33.00 and gave the company a “hold” rating in a report on Monday, July 11th. Finally, Collins Stewart reiterated a “buy” rating on shares of BP PLC in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.55.
About BP PLC
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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