Linscomb & Williams Inc. increased its holdings in BP plc (NYSE:BP) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,660 shares of the oil and gas exploration company’s stock after acquiring an additional 3,312 shares during the period. Linscomb & Williams Inc.’s holdings in BP were worth $816,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of BP by 22.6% during the 4th quarter. FMR LLC now owns 26,000,484 shares of the oil and gas exploration company’s stock worth $985,939,000 after purchasing an additional 4,797,414 shares in the last quarter. Bank of America Corp DE raised its stake in shares of BP by 1.5% during the 4th quarter. Bank of America Corp DE now owns 10,395,325 shares of the oil and gas exploration company’s stock worth $394,191,000 after purchasing an additional 152,503 shares in the last quarter. BlackRock Inc. raised its stake in shares of BP by 40.1% during the 4th quarter. BlackRock Inc. now owns 8,015,386 shares of the oil and gas exploration company’s stock worth $303,944,000 after purchasing an additional 2,292,327 shares in the last quarter. Sanders Capital LLC raised its stake in shares of BP by 1.4% during the 4th quarter. Sanders Capital LLC now owns 6,480,223 shares of the oil and gas exploration company’s stock worth $245,730,000 after purchasing an additional 91,200 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of BP by 4.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,516,662 shares of the oil and gas exploration company’s stock worth $153,748,000 after purchasing an additional 145,348 shares in the last quarter. 11.05% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE BP opened at $41.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The stock has a market cap of $139.61 billion, a PE ratio of 10.99, a P/E/G ratio of 1.77 and a beta of 0.78. BP plc has a 52 week low of $36.28 and a 52 week high of $47.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Thursday, May 9th. BP’s dividend payout ratio is 64.21%.
BP has been the subject of a number of recent research reports. Zacks Investment Research raised BP from a “strong sell” rating to a “hold” rating in a research note on Friday, February 8th. Royal Bank of Canada downgraded BP from a “top pick” rating to an “outperform” rating and set a $44.65 price target for the company. in a research note on Tuesday, April 16th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $55.41.
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BP Company 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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