Guyasuta Investment Advisors Inc. decreased its position in BP p.l.c. (NYSE:BP) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,874 shares of the oil and gas exploration company’s stock after selling 1,500 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in BP p.l.c. were worth $686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of BP p.l.c. by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 4,169,463 shares of the oil and gas exploration company’s stock worth $143,927,000 after buying an additional 309,046 shares in the last quarter. Sound Shore Management Inc. CT boosted its position in shares of BP p.l.c. by 8.1% in the first quarter. Sound Shore Management Inc. CT now owns 4,069,591 shares of the oil and gas exploration company’s stock worth $140,482,000 after buying an additional 303,382 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of BP p.l.c. by 3.7% in the first quarter. ARGA Investment Management LP now owns 2,586,592 shares of the oil and gas exploration company’s stock worth $89,288,000 after buying an additional 92,335 shares in the last quarter. Rockefeller Financial Services Inc. boosted its position in shares of BP p.l.c. by 0.4% in the first quarter. Rockefeller Financial Services Inc. now owns 2,255,380 shares of the oil and gas exploration company’s stock worth $77,855,000 after buying an additional 8,102 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE boosted its position in shares of BP p.l.c. by 5.0% in the first quarter. Kahn Brothers Group Inc. DE now owns 1,375,690 shares of the oil and gas exploration company’s stock worth $47,489,000 after buying an additional 65,330 shares in the last quarter. Hedge funds and other institutional investors own 10.26% of the company’s stock.

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

Shares of BP p.l.c. (BP) opened at 36.00 on Friday. The company has a 50-day moving average of $35.75 and a 200 day moving average of $35.43. The company has a market capitalization of $117.99 billion, a PE ratio of 53.57 and a beta of 0.99. BP p.l.c. has a 52-week low of $31.57 and a 52-week high of $38.68. BP p.l.c. also was the target of unusually large options trading activity on Thursday. Traders bought 690 call options on the company. This represents an increase of 118% compared to the average daily volume of 317 call options.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The business had revenue of $55.86 billion during the quarter, compared to analysts’ expectations of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The business’s quarterly revenue was up 45.1% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. Analysts predict that BP p.l.c. will post $1.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 12th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend is Wednesday, May 10th. BP p.l.c.’s payout ratio is 366.16%.

COPYRIGHT VIOLATION WARNING: “Guyasuta Investment Advisors Inc. Has $686,000 Stake in BP p.l.c. (BP)” was published by Financial Market News and is owned by of Financial Market News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.financial-market-news.com/2017/06/17/guyasuta-investment-advisors-inc-has-686000-stake-in-bp-p-l-c-bp.html.

A number of research analysts have commented on BP shares. Deutsche Bank AG upgraded shares of BP p.l.c. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 4th. Zacks Investment Research upgraded shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Simmons raised their price target on shares of BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC set a $36.00 price target on shares of BP p.l.c. and gave the stock a “hold” rating in a research note on Wednesday, May 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.21.

BP p.l.c. Company Profile

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.

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).

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.