BP plc (NYSE:BP) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. lowered its stake in BP plc (NYSE:BP) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,883 shares of the oil and gas exploration company’s stock after selling 2,299 shares during the quarter. M&R Capital Management Inc.’s holdings in BP were worth $661,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BP. Two Sigma Advisers LP purchased a new position in BP in the second quarter valued at about $1,565,000. Capital Advisors Inc. OK boosted its holdings in BP by 24.7% in the second quarter. Capital Advisors Inc. OK now owns 22,380 shares of the oil and gas exploration company’s stock valued at $521,000 after purchasing an additional 4,430 shares during the last quarter. RMR Wealth Builders purchased a new position in BP in the second quarter valued at about $48,000. Orion Portfolio Solutions LLC boosted its holdings in BP by 27.2% in the second quarter. Orion Portfolio Solutions LLC now owns 3,405 shares of the oil and gas exploration company’s stock valued at $79,000 after purchasing an additional 728 shares during the last quarter. Finally, tru Independence LLC boosted its holdings in BP by 6.1% in the second quarter. tru Independence LLC now owns 169,966 shares of the oil and gas exploration company’s stock valued at $3,963,000 after purchasing an additional 9,752 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

Shares of BP stock traded down $0.63 on Thursday, reaching $16.83. 18,149,702 shares of the company were exchanged, compared to its average volume of 13,423,284. BP plc has a fifty-two week low of $15.51 and a fifty-two week high of $40.08. The firm has a market capitalization of $56.83 billion, a price-to-earnings ratio of -2.59 and a beta of 0.71. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $20.56 and a 200-day moving average price of $22.61.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas exploration company reported ($1.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.99) by ($0.99). BP had a negative return on equity of 1.14% and a negative net margin of 9.45%. The company had revenue of $31.68 billion for the quarter, compared to analyst estimates of $38.70 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. BP’s quarterly revenue was down 56.4% on a year-over-year basis. On average, equities analysts anticipate that BP plc will post -1.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, August 14th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date was Thursday, August 13th. BP’s dividend payout ratio is presently 42.03%.

BP has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of BP in a report on Wednesday, September 16th. Scotiabank started coverage on BP in a report on Wednesday, September 23rd. They set a “sector perform” rating and a $23.00 target price on the stock. Societe Generale raised BP from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of BP in a report on Wednesday, August 5th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Tuesday, July 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. BP presently has a consensus rating of “Hold” and an average price target of $28.99.

About BP

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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