Orion Portfolio Solutions LLC purchased a new position in BP plc (NYSE:BP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,830 shares of the oil and gas exploration company’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of BP by 1.5% in the third quarter. State Street Corp now owns 28,078,342 shares of the oil and gas exploration company’s stock worth $1,066,696,000 after buying an additional 409,260 shares during the period. Sanders Capital LLC grew its stake in BP by 16.3% in the fourth quarter. Sanders Capital LLC now owns 7,721,009 shares of the oil and gas exploration company’s stock worth $291,391,000 after purchasing an additional 1,084,803 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in BP by 29.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 2,708,627 shares of the oil and gas exploration company’s stock worth $102,223,000 after purchasing an additional 612,356 shares in the last quarter. Russell Investments Group Ltd. grew its stake in BP by 1.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,656,348 shares of the oil and gas exploration company’s stock worth $100,189,000 after purchasing an additional 41,972 shares in the last quarter. Finally, Millennium Management LLC grew its stake in BP by 659.1% in the third quarter. Millennium Management LLC now owns 2,414,226 shares of the oil and gas exploration company’s stock worth $91,716,000 after purchasing an additional 2,096,204 shares in the last quarter. Hedge funds and other institutional investors own 10.23% of the company’s stock.

NYSE BP traded up $2.17 during midday trading on Wednesday, hitting $24.29. 37,542,686 shares of the company traded hands, compared to its average volume of 14,494,695. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market cap of $61.77 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 9.59 and a beta of 0.82. The company’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $36.05. BP plc has a 52 week low of $15.51 and a 52 week high of $45.38.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.11. The business had revenue of $71.11 billion for the quarter, compared to analysts’ expectations of $67.44 billion. BP had a return on equity of 9.80% and a net margin of 1.42%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, research analysts predict that BP plc will post 1.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, February 14th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 10.37%. The ex-dividend date is Thursday, February 13th. This is a boost from BP’s previous quarterly dividend of $0.61. BP’s dividend payout ratio (DPR) is 84.75%.

BP has been the topic of several research analyst reports. Jefferies Financial Group cut BP from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank of Canada cut BP from an “outperform” rating to an “underperform” rating in a research note on Monday, March 16th. UBS Group reissued a “buy” rating on shares of BP in a research note on Tuesday, March 17th. Berenberg Bank cut BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Piper Jaffray Companies initiated coverage on BP in a research note on Tuesday, November 26th. They issued a “buy” rating and a $47.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.16.

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).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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