Private Advisor Group LLC trimmed its holdings in shares of BP plc (NYSE:BP) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,760 shares of the oil and gas exploration company’s stock after selling 39,709 shares during the period. Private Advisor Group LLC’s holdings in BP were worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in BP by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock worth $258,345,000 after buying an additional 61,668 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in BP by 17.3% in the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock worth $270,881,000 after buying an additional 950,489 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in BP by 15.7% in the 4th quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock worth $197,908,000 after buying an additional 641,751 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in BP by 4.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,975,774 shares of the oil and gas exploration company’s stock worth $114,359,000 after buying an additional 126,862 shares in the last quarter. Finally, Rockefeller Financial Services Inc. lifted its holdings in BP by 21.9% in the 4th quarter. Rockefeller Financial Services Inc. now owns 2,652,046 shares of the oil and gas exploration company’s stock worth $111,466,000 after buying an additional 477,072 shares in the last quarter. 10.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Morgan Stanley lowered shares of BP from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective on the stock in a report on Monday, January 29th. Piper Jaffray Companies reiterated a “buy” rating and issued a $51.00 price objective on shares of BP in a report on Wednesday, January 24th. Finally, Vetr lowered shares of BP from a “buy” rating to a “hold” rating and set a $41.28 price objective on the stock. in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.05.

Shares of BP plc (BP) opened at $39.69 on Wednesday. The stock has a market cap of $131,956.53, a PE ratio of 38.91, a PEG ratio of 0.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. BP plc has a 12 month low of $33.10 and a 12 month high of $44.62.

BP (NYSE:BP) last issued its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. sell-side analysts forecast that BP plc will post 2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be paid 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 dividend yield of 6.05%. BP’s dividend payout ratio (DPR) is presently 233.34%.

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BP 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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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