Horan Capital Advisors LLC. purchased a new stake in BP plc (NYSE:BP) in the first quarter, HoldingsChannel.com reports. The firm purchased 800 shares of the oil and gas exploration company’s stock, valued at approximately $35,000.

Other hedge funds have also recently made changes to their positions in the company. Dubuque Bank & Trust Co. increased its position in BP by 35.8% during the 1st quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Perkins Coie Trust Co increased its position in BP by 66.7% during the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 252 shares in the last quarter. Signet Financial Management LLC increased its position in BP by 0.7% during the 4th quarter. Signet Financial Management LLC now owns 35,677 shares of the oil and gas exploration company’s stock worth $1,353,000 after purchasing an additional 255 shares in the last quarter. Adirondack Trust Co. increased its position in BP by 9.8% during the 4th quarter. Adirondack Trust Co. now owns 2,903 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 260 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its position in BP by 1.3% during the 4th quarter. Cahill Financial Advisors Inc. now owns 21,274 shares of the oil and gas exploration company’s stock worth $807,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 10.80% of the company’s stock.

Shares of NYSE:BP opened at $45.04 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. BP plc has a 12-month low of $36.28 and a 12-month high of $47.83. The stock has a market capitalization of $150.07 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.80.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The firm had revenue of $75.68 billion for the quarter, compared to analyst estimates of $78.78 billion. During the same period last year, the company earned $0.11 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. Sell-side analysts expect that BP plc will post 3.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, February 15th were paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Thursday, February 14th. BP’s payout ratio is 64.21%.

A number of analysts recently commented on BP shares. Deutsche Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Zacks Investment Research upgraded BP from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Royal Bank of Canada cut BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective for the company. in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.13.

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BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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