Wedge Capital Management L L P NC grew its position in BP p.l.c. (NYSE:BP) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 369,940 shares of the oil and gas exploration company’s stock after buying an additional 13,323 shares during the period. Wedge Capital Management L L P NC’s holdings in BP p.l.c. were worth $14,217,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Burt Wealth Advisors raised its holdings in BP p.l.c. by 6.8% in the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of BP p.l.c. during the second quarter valued at approximately $116,000. IHT Wealth Management LLC raised its holdings in shares of 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 valued at $135,000 after purchasing an additional 689 shares during the last quarter. Cable Hill Partners LLC raised its holdings 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 purchasing an additional 3,078 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings 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 purchasing an additional 1,687 shares during the last quarter. 9.90% of the stock is owned by institutional investors and hedge funds.

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Shares of BP p.l.c. (BP) opened at $41.41 on Tuesday. The stock has a market cap of $134,950.00, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.18. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $41.46.

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

Several research firms have recently weighed in on BP. Evercore ISI boosted their price objective on shares of BP p.l.c. from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and set a $39.00 price objective on shares of BP p.l.c. in a 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 objective for the company. in a report on Monday, October 30th. Cowen and Company reissued a “hold” rating and set a $39.00 price objective on shares of BP p.l.c. in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $39.00 price objective on shares of BP p.l.c. in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.11.

BP p.l.c. Profile

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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