IFP Advisors Inc increased its position in shares of BP p.l.c. (NYSE:BP) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 452,664 shares of the oil and gas exploration company’s stock after buying an additional 49,641 shares during the period. BP p.l.c. accounts for approximately 0.7% of IFP Advisors Inc’s investment portfolio, making the stock its 19th biggest position. IFP Advisors Inc’s holdings in BP p.l.c. were worth $17,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Plancorp LLC boosted its position in BP p.l.c. by 0.3% during the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock worth $437,000 after purchasing an additional 36 shares during the period. Cambridge Trust Co. boosted its position in shares of BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock valued at $251,000 after acquiring an additional 54 shares during the period. Johnson Financial Group Inc. boosted its position in shares of BP p.l.c. by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock valued at $162,000 after acquiring an additional 55 shares during the period. Beck Mack & Oliver LLC boosted its position in shares of BP p.l.c. by 1.3% in the second quarter. Beck Mack & Oliver LLC now owns 7,880 shares of the oil and gas exploration company’s stock valued at $273,000 after acquiring an additional 98 shares during the period. Finally, North Star Asset Management Inc. boosted its position in shares of BP p.l.c. by 1.5% in the first quarter. North Star Asset Management Inc. now owns 7,092 shares of the oil and gas exploration company’s stock valued at $245,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a net margin of 1.70% and a return on equity of 4.54%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.90%. This is a boost from BP p.l.c.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. BP p.l.c.’s dividend payout ratio (DPR) is currently 203.42%.

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A number of equities research analysts have recently issued reports on BP shares. Piper Jaffray Companies set a $39.00 target price on shares of BP p.l.c. and gave the company a “buy” rating in a research report on Friday, August 25th. BidaskClub cut shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Vetr cut shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 target price for the company. in a research report on Tuesday, October 10th. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $35.90 target price on shares of BP p.l.c. in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. The stock 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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