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%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded BP from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research report on Monday, January 29th. Piper Jaffray Companies restated a “buy” rating and set a $51.00 target price on shares of BP in a research report on Wednesday, January 24th. Vetr downgraded BP from a “buy” rating to a “hold” rating and set a $41.28 target price for the company. in a research report on Tuesday, December 12th. TheStreet upgraded BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Finally, Scotiabank restated a “buy” rating and set a $39.00 target price on shares of BP in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.05.

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.

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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.

Earnings History for BP (NYSE:BP)

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