Rockland Trust Co. cut its stake in BP plc (NYSE:BP) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,476 shares of the oil and gas exploration company’s stock after selling 487 shares during the period. Rockland Trust Co.’s holdings in BP were worth $371,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BP. Family Legacy Inc. acquired a new stake in BP in the fourth quarter valued at $161,000. Silverleafe Capital Partners LLC acquired a new stake in BP in the fourth quarter valued at $357,000. Massachusetts Financial Services Co. MA raised its stake in BP by 51.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,595,212 shares of the oil and gas exploration company’s stock valued at $98,411,000 after buying an additional 881,094 shares in the last quarter. Cooper Financial Group acquired a new stake in BP in the fourth quarter valued at $252,000. Finally, Heritage Trust Co raised its stake in BP by 62.0% in the fourth quarter. Heritage Trust Co now owns 1,458 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 10.80% of the company’s stock.

BP opened at $44.99 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.04. BP plc has a one year low of $36.28 and a one year high of $47.83. The stock has a market cap of $150.41 billion, a PE ratio of 11.84, a PEG ratio of 1.97 and a beta of 0.80.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The business had revenue of $75.68 billion for the quarter, compared to analysts’ expectations of $78.78 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that BP plc will post 3.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, February 15th were issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Thursday, February 14th. BP’s dividend payout ratio is currently 64.21%.

A number of research firms have recently commented on BP. Wells Fargo & Co began coverage on BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 target price on the stock. Zacks Investment Research upgraded BP from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Deutsche Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. BP presently has an average rating of “Buy” and an average target price of $57.75.

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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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