AMG National Trust Bank boosted its position in shares of BP p.l.c. (NYSE:BP) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,104 shares of the oil and gas exploration company’s stock after purchasing an additional 2,362 shares during the period. AMG National Trust Bank’s holdings in BP p.l.c. were worth $1,733,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BP. Burt Wealth Advisors raised its stake in BP p.l.c. by 6.8% during the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after purchasing an additional 200 shares during the period. Vestor Capital LLC purchased a new position in BP p.l.c. during the second quarter worth about $116,000. IHT Wealth Management LLC raised its stake in BP p.l.c. by 21.4% during the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after purchasing an additional 689 shares during the period. Cable Hill Partners LLC increased its position in shares of BP p.l.c. by 639.9% during the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of BP p.l.c. by 63.8% during the first quarter. Parallel Advisors LLC now owns 4,332 shares of the oil and gas exploration company’s stock valued at $150,000 after acquiring an additional 1,687 shares during the last quarter. 9.90% of the stock is currently owned by institutional investors.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of BP p.l.c. from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday. Scotiabank reiterated a “buy” rating and set a $39.00 price target on shares of BP p.l.c. in a research report on Wednesday, November 1st. Evercore ISI lifted their price target on shares of BP p.l.c. from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Vetr cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and set a $40.67 price target for the company. in a research report on Monday, October 30th. Finally, Cowen and Company reiterated a “hold” rating and set a $39.00 price target on shares of BP p.l.c. in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.67.

BP p.l.c. (NYSE:BP) traded up $0.85 during midday trading on Tuesday, reaching $41.41. 6,251,059 shares of the company’s stock traded hands, compared to its average volume of 4,740,000. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $41.55. The firm has a market cap of $134,850.00, a PE ratio of 29.61, a PEG ratio of 1.22 and a beta of 0.98.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, November 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.80%. The ex-dividend date is Thursday, November 9th. This is a boost from BP p.l.c.’s previous quarterly dividend of $0.60. BP p.l.c.’s payout ratio is 203.42%.

About BP p.l.c.

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.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

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