Paragon Capital Management LLC purchased a new position in shares of BP plc (NYSE:BP) during the first quarter, HoldingsChannel reports. The firm purchased 1,152 shares of the oil and gas exploration company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Dubuque Bank & Trust Co. raised its stake in shares of BP by 35.8% in the first quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 240 shares during the last quarter. Perkins Coie Trust Co raised its stake in shares of BP by 66.7% in the first quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 252 shares during the last quarter. Signet Financial Management LLC raised its stake in shares of BP by 0.7% in the fourth quarter. Signet Financial Management LLC now owns 35,677 shares of the oil and gas exploration company’s stock worth $1,353,000 after purchasing an additional 255 shares during the last quarter. Adirondack Trust Co. raised its stake in shares of BP by 9.8% in the fourth quarter. Adirondack Trust Co. now owns 2,903 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 260 shares during the last quarter. Finally, Cahill Financial Advisors Inc. raised its stake in shares of BP by 1.3% in the fourth quarter. Cahill Financial Advisors Inc. now owns 21,274 shares of the oil and gas exploration company’s stock worth $807,000 after purchasing an additional 273 shares during the last quarter. 10.80% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on BP shares. Deutsche Bank reissued a “buy” rating on shares of BP in a research note on Thursday, March 7th. Zacks Investment Research raised BP from a “strong sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Wells Fargo & Co started coverage on BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price target for the company. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.75.

Shares of BP remained flat at $$44.67 on Monday. The company had a trading volume of 3,279,571 shares, compared to its average volume of 5,437,236. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $149.27 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. BP plc has a one year low of $36.28 and a one year high of $47.83.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. The company had revenue of $75.68 billion during the quarter, compared to the consensus estimate of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. BP’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that BP plc will post 3.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, February 15th were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Thursday, February 14th. BP’s payout ratio is 64.21%.

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BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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