BP plc (BP) Position Lessened by Hilltop Holdings Inc.

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Hilltop Holdings Inc. lessened its holdings in BP plc (NYSE:BP) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,678 shares of the oil and gas exploration company’s stock after selling 4,420 shares during the period. Hilltop Holdings Inc.’s holdings in BP were worth $974,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BP. Eukles Asset Management bought a new position in BP in the fourth quarter valued at $26,000. JNBA Financial Advisors bought a new position in BP in the fourth quarter valued at $29,000. Reilly Financial Advisors LLC increased its stake in BP by 98.1% in the fourth quarter. Reilly Financial Advisors LLC now owns 1,050 shares of the oil and gas exploration company’s stock valued at $40,000 after acquiring an additional 520 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in BP in the fourth quarter valued at $43,000. Finally, Highwater Wealth Management LLC bought a new position in BP in the fourth quarter valued at $46,000. Institutional investors own 10.79% of the company’s stock.

NYSE BP opened at $44.24 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $146.66 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.80. BP plc has a 1 year low of $36.28 and a 1 year high of $47.83.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The company had revenue of $75.68 billion for the quarter, compared to analysts’ expectations of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. BP’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. As a group, analysts anticipate that BP plc will post 3.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, February 15th will be paid a $0.615 dividend. The ex-dividend date is Thursday, February 14th. This represents a $2.46 annualized dividend and a dividend yield of 5.56%. BP’s payout ratio is presently 64.21%.

A number of research analysts have recently issued reports on BP shares. Wells Fargo & Co started coverage on BP in a research note on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price objective on the stock. Zacks Investment Research raised BP from a “strong sell” rating to a “hold” rating in a research note on Friday, February 8th. Raymond James raised BP from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.74.

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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).

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for BP (NYSE:BP)

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