BP (BP) Posts Earnings Results, Misses Expectations By $0.02 EPS
BP (NYSE:BP) released its earnings results on Tuesday. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02), Morningstar.com reports. The firm had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. BP had a return on equity of 6.21% and a net margin of 1.39%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS.
BP (NYSE:BP) traded up $0.56 during midday trading on Thursday, reaching $40.56. The company had a trading volume of 1,580,000 shares, compared to its average volume of 6,100,000. The company has a market capitalization of $136,710.00, a P/E ratio of 39.38, a PEG ratio of 0.81 and a beta of 0.92. 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 has a fifty-two week low of $33.10 and a fifty-two week high of $44.62.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 16th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a yield of 5.92%. BP’s dividend payout ratio is presently 231.07%.
Several institutional investors have recently made changes to their positions in BP. Stonehearth Capital Management LLC bought a new stake in shares of BP in the fourth quarter worth about $115,000. Cable Hill Partners LLC increased its holdings in shares of BP by 639.9% in the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after acquiring an additional 3,078 shares in the last quarter. Baystate Wealth Management LLC increased its holdings in shares of BP by 832.8% in the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock worth $143,000 after acquiring an additional 2,948 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of BP in the third quarter worth about $151,000. Finally, Country Trust Bank increased its holdings in shares of BP by 228.5% in the fourth quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock worth $158,000 after acquiring an additional 2,614 shares in the last quarter. Institutional investors own 9.99% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “BP (BP) Posts Earnings Results, Misses Expectations By $0.02 EPS” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/bp-bp-posts-earnings-results-misses-expectations-by-0-02-eps/1852564.html.
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.
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.