Stonebridge Capital Advisors LLC boosted its position in shares of BP p.l.c. (NYSE:BP) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,794 shares of the oil and gas exploration company’s stock after purchasing an additional 4,677 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in BP p.l.c. were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Highlander Capital Management LLC raised its holdings in BP p.l.c. by 25.6% during the 2nd quarter. Highlander Capital Management LLC now owns 7,350 shares of the oil and gas exploration company’s stock worth $257,000 after purchasing an additional 1,500 shares during the last quarter. Simmons Bank raised its holdings in BP p.l.c. by 32.7% during the 2nd quarter. Simmons Bank now owns 21,835 shares of the oil and gas exploration company’s stock worth $757,000 after purchasing an additional 5,380 shares during the last quarter. Carret Asset Management LLC raised its holdings in BP p.l.c. by 3.6% during the 2nd quarter. Carret Asset Management LLC now owns 19,203 shares of the oil and gas exploration company’s stock worth $665,000 after purchasing an additional 661 shares during the last quarter. FTB Advisors Inc. raised its holdings in BP p.l.c. by 4.8% during the 2nd quarter. FTB Advisors Inc. now owns 7,951 shares of the oil and gas exploration company’s stock worth $282,000 after purchasing an additional 364 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in BP p.l.c. by 13.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock worth $99,898,000 after purchasing an additional 338,581 shares during the last quarter. 10.05% of the stock is owned by hedge funds and other institutional investors.

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Shares of BP p.l.c. (NYSE:BP) traded up 1.12% during trading on Tuesday, hitting $38.89. The company had a trading volume of 1,608,690 shares. The stock has a market capitalization of $127.60 billion, a price-to-earnings ratio of 33.94 and a beta of 0.95. The stock has a 50-day moving average of $36.39 and a 200 day moving average of $35.48. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $39.00.

BP p.l.c. (NYSE:BP) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.18). The business had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, analysts predict that BP p.l.c. will post $1.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 11th were issued a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a yield of 6.19%. BP p.l.c.’s payout ratio is currently 206.96%.

BP has been the subject of a number of recent analyst reports. Vetr cut BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price target for the company. in a research note on Wednesday, October 4th. Kepler Capital Markets raised BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.00 price target on shares of BP p.l.c. in a research note on Thursday, September 28th. BMO Capital Markets raised BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Finally, Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the company a “hold” rating in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. BP p.l.c. has an average rating of “Hold” and an average price target of $37.09.

BP p.l.c. Company 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.

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

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