Simmons Bank Boosts Stock Position in BP plc (NYSE:BP)

Simmons Bank boosted its stake in shares of BP plc (NYSE:BP) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,453 shares of the oil and gas exploration company’s stock after acquiring an additional 2,110 shares during the quarter. Simmons Bank’s holdings in BP were worth $1,506,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc. lifted its holdings in shares of BP by 3.9% in the fourth quarter. TD Asset Management Inc. now owns 21,647 shares of the oil and gas exploration company’s stock valued at $923,000 after purchasing an additional 803 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in BP by 16.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 309,597 shares of the oil and gas exploration company’s stock valued at $11,740,000 after purchasing an additional 44,277 shares in the last quarter. Northern Capital Management LLC grew its holdings in BP by 14.0% during the 4th quarter. Northern Capital Management LLC now owns 108,050 shares of the oil and gas exploration company’s stock valued at $4,097,000 after purchasing an additional 13,230 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in BP by 83.0% during the 4th quarter. WealthTrust Axiom LLC now owns 12,695 shares of the oil and gas exploration company’s stock valued at $481,000 after acquiring an additional 5,758 shares during the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in BP by 1.2% during the 4th quarter. Palouse Capital Management Inc. now owns 168,285 shares of the oil and gas exploration company’s stock valued at $6,381,000 after acquiring an additional 1,999 shares during the last quarter. 11.02% of the stock is currently owned by hedge funds and other institutional investors.

BP stock opened at $295,313,015,000.00 on Friday. BP plc has a 12-month low of $36.28 and a 12-month high of $47.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.02. The company has a 50-day simple moving average of $41.67. The company has a market capitalization of $139.87 billion, a PE ratio of 77,713,951,315.79, a PEG ratio of 1.82 and a beta of 0.79.

BP (NYSE:BP) last released its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. BP had a return on equity of 12.19% and a net margin of 3.26%. The firm had revenue of $66.32 billion for the quarter, compared to analysts’ expectations of $64.85 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast that BP plc will post 3.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 0.00%. The ex-dividend date was Thursday, May 9th. BP’s dividend payout ratio is presently 64.21%.

Several equities analysts have commented on the stock. Deutsche Bank reissued a “buy” rating on shares of BP in a research note on Thursday, March 7th. Royal Bank of Canada cut shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price for the company. in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.41.

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).

Read More: Why is insider trading harmful?

Institutional Ownership by Quarter for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.