Rational Advisors LLC Sells 52,900 Shares of BP plc (BP)
Rational Advisors LLC lowered its holdings in shares of BP plc (NYSE:BP) by 57.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,490 shares of the oil and gas exploration company’s stock after selling 52,900 shares during the quarter. BP accounts for 0.9% of Rational Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Rational Advisors LLC’s holdings in BP were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of the stock. First Dallas Securities Inc. acquired a new stake in BP during the 4th quarter worth $557,000. Iowa State Bank boosted its stake in BP by 3.7% during the 4th quarter. Iowa State Bank now owns 45,597 shares of the oil and gas exploration company’s stock worth $1,916,000 after purchasing an additional 1,611 shares during the period. Wealthstreet Investment Advisors LLC acquired a new stake in BP during the 4th quarter worth $1,214,000. Gradient Investments LLC boosted its stake in BP by 3.2% during the 4th quarter. Gradient Investments LLC now owns 62,863 shares of the oil and gas exploration company’s stock worth $2,642,000 after purchasing an additional 1,928 shares during the period. Finally, Buckhead Capital Management LLC boosted its stake in BP by 21.4% during the 4th quarter. Buckhead Capital Management LLC now owns 24,715 shares of the oil and gas exploration company’s stock worth $1,039,000 after purchasing an additional 4,360 shares during the period. Hedge funds and other institutional investors own 10.02% of the company’s stock.
Shares of BP plc (NYSE BP) opened at $39.87 on Tuesday. BP plc has a 52 week low of $33.10 and a 52 week high of $44.62. The company has a market cap of $129,441.20, a price-to-earnings ratio of 39.09, a PEG ratio of 0.75 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 16th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Thursday, February 15th. BP’s dividend payout ratio (DPR) is 233.34%.
A number of analysts recently weighed in on BP shares. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, November 7th. Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $40.48 price target for the company in a research note on Friday, November 17th. Evercore ISI increased their price target on shares of BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Scotiabank restated a “buy” rating and issued a $39.00 target price on shares of BP in a research note on Wednesday, November 1st. Finally, TheStreet upgraded shares of BP from a “c” rating to a “b” rating in a research note on Wednesday, November 8th. Three 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 assigned a strong buy rating to the company. BP presently has a consensus rating of “Hold” and a consensus price target of $40.05.
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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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