Oarsman Capital Inc. Has $347,000 Stake in BP p.l.c. (BP)

Oarsman Capital Inc. decreased its position in BP p.l.c. (NYSE:BP) by 21.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,280 shares of the oil and gas exploration company’s stock after selling 2,540 shares during the period. Oarsman Capital Inc.’s holdings in BP p.l.c. were worth $347,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Hudock Capital Group LLC increased its position in shares of BP p.l.c. by 0.4% in the third quarter. Hudock Capital Group LLC now owns 5,242 shares of the oil and gas exploration company’s stock worth $184,000 after buying an additional 23 shares during the last quarter. South Texas Money Management Ltd. increased its position in shares of BP p.l.c. by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 8,174 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 28 shares during the last quarter. Advisors Management Group Inc. ADV increased its position in shares of BP p.l.c. by 0.6% in the third quarter. Advisors Management Group Inc. ADV now owns 10,140 shares of the oil and gas exploration company’s stock worth $357,000 after buying an additional 60 shares during the last quarter. Ancora Inverness LLC increased its position in shares of BP p.l.c. by 0.5% in the third quarter. Ancora Inverness LLC now owns 16,095 shares of the oil and gas exploration company’s stock worth $566,000 after buying an additional 85 shares during the last quarter. Finally, Wellington Shields & Co. LLC increased its position in shares of BP p.l.c. by 0.4% in the third quarter. Wellington Shields & Co. LLC now owns 22,496 shares of the oil and gas exploration company’s stock worth $791,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 11.08% of the company’s stock.

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

BP p.l.c. (NYSE:BP) traded up 0.26% on Friday, reaching $34.53. 6,389,815 shares of the company traded hands. The company has a market capitalization of $111.87 billion, a P/E ratio of 959.17 and a beta of 1.12. BP p.l.c. has a 12 month low of $28.01 and a 12 month high of $38.68. The company has a 50-day moving average price of $36.72 and a 200-day moving average price of $35.15.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 7th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $51.01 billion for the quarter, compared to analyst estimates of $54.70 billion. BP p.l.c. had a return on equity of 2.71% and a net margin of 0.06%. BP p.l.c.’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. Equities research analysts expect that BP p.l.c. will post $2.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, February 17th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 6.89%. The ex-dividend date is Wednesday, February 15th. BP p.l.c.’s dividend payout ratio is currently 11,905.95%.

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A number of equities research analysts recently weighed in on the stock. Vetr cut shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $39.01 price target for the company. in a research report on Wednesday, November 30th. Credit Suisse Group raised shares of BP p.l.c. from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $33.50 to $35.50 in a research report on Wednesday, November 30th. HSBC Holdings plc reissued a “buy” rating on shares of BP p.l.c. in a research report on Wednesday, January 11th. Societe Generale raised shares of BP p.l.c. from a “hold” rating to a “buy” rating and boosted their price target for the company from $27.01 to $35.89 in a research report on Monday, January 30th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $37.50 price target on shares of BP p.l.c. in a research report on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $36.70.

About BP p.l.c.

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.

5 Day Chart for NYSE:BP

Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP p.l.c. (NYSE:BP).

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