Trustmark National Bank Trust Department maintained its stake in BP p.l.c. (NYSE:BP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,730 shares of the oil and gas exploration company’s stock at the end of the 2nd quarter. Trustmark National Bank Trust Department’s holdings in BP p.l.c. were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC lifted its position in BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock worth $169,000 after buying an additional 26 shares during the last quarter. Plancorp LLC lifted its position in BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock worth $437,000 after buying an additional 36 shares during the last quarter. Cambridge Trust Co. lifted its position in BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 54 shares during the last quarter. Johnson Financial Group Inc. lifted its position in BP p.l.c. by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after buying an additional 55 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock worth $485,000 after buying an additional 67 shares during the last quarter. Institutional investors own 10.09% of the company’s stock.

Shares of BP p.l.c. (BP) traded up 0.76% during trading on Wednesday, hitting $37.23. The stock had a trading volume of 1,448,841 shares. The company’s 50 day moving average price is $35.30 and its 200 day moving average price is $35.05. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68. The stock has a market cap of $122.16 billion, a price-to-earnings ratio of 32.49 and a beta of 0.93.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 6.44%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is 206.96%.

A number of brokerages recently issued reports on BP. Zacks Investment Research upgraded BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Macquarie downgraded BP p.l.c. from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 21st. Societe Generale downgraded BP p.l.c. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $35.04 to $34.90 in a research report on Wednesday, July 26th. Bank of America Corporation downgraded BP p.l.c. from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Finally, Piper Jaffray Companies upgraded BP p.l.c. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $36.33 to $42.00 in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. BP p.l.c. has a consensus rating of “Hold” and an average price target of $36.26.

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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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