HL Financial Services LLC increased its stake in BP p.l.c. (NYSE:BP) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,520 shares of the oil and gas exploration company’s stock after acquiring an additional 4,015 shares during the quarter. HL Financial Services LLC’s holdings in BP p.l.c. were worth $3,786,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Burt Wealth Advisors increased its stake in shares of BP p.l.c. by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after acquiring an additional 200 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of BP p.l.c. in the 2nd quarter valued at $116,000. Cable Hill Partners LLC increased its stake in shares of BP p.l.c. by 639.9% in the 3rd 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 in the last quarter. IHT Wealth Management LLC increased its stake in shares of BP p.l.c. by 21.4% in the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after acquiring an additional 689 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of BP p.l.c. by 1.2% in the 2nd 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 in the last quarter. Institutional investors own 9.90% of the company’s stock.

Shares of BP p.l.c. (NYSE:BP) traded down $0.42 during trading hours on Friday, hitting $40.30. 3,117,400 shares of the company were exchanged, compared to its average volume of 5,543,480. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. The stock has a market cap of $134,423.73, a P/E ratio of 29.72, a P/E/G ratio of 1.22 and a beta of 0.99. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $41.55.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a $0.60 dividend. This is an increase from BP p.l.c.’s previous quarterly dividend of $0.60. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Thursday, November 9th. BP p.l.c.’s payout ratio is 203.42%.

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A number of analysts have commented on BP shares. Piper Jaffray Companies set a $39.00 price target on shares of BP p.l.c. and gave the company a “buy” rating in a research note on Friday, August 25th. 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 note on Tuesday. Evercore ISI boosted 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 note on Wednesday, November 1st. BidaskClub lowered shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, Scotiabank restated a “buy” rating and set a $39.00 price target on shares of BP p.l.c. in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.67.

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.

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

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