BP plc (BP) Position Lowered by Sound Shore Management Inc

Paterniano Del Favero
Agosto 14, 2017

Iowa State Bank purchased a new position in shares of BP p.l.c. during the first quarter worth about $1,222,000.

Several other hedge funds have also recently made changes to their positions in BP. Atlas Brown Inc. raised its position in shares of BP p.l.c.by 8.7% in the first quarter. Atlas Brown Inc. now owns 25,241 shares of the oil and gas exploration company's stock worth $871,000 after buying an additional 2,014 shares in the last quarter. Foundry Partners LLC now owns 438,800 shares of the oil and gas exploration company's stock worth $15,147,000 after buying an additional 101,220 shares during the period. Viking Fund Management LLC boosted its position in shares of BP p.l.c.by 0.6% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company's stock worth $281,000 after buying an additional 198 shares during the period. Seaward Management Limited Partnership raised its stake in shares of BP p.l.c.by 5.5% in the second quarter. Park National Corp OH now owns 57,065 shares of the oil and gas exploration company's stock worth $1,970,000 after buying an additional 7,671 shares during the period. Parkside Financial Bank & Trust increased its position in BP p.l.c.by 92.4% in the first quarter. The company's stock had a trading volume of 54,930 shares. Faroe Petroleum plc has a 12-month low of GBX 60.50 and a 12-month high of GBX 115.00. (BP) opened at 34.94 on Friday. The firm has a 50-day moving average price of $35.15 and a 200-day moving average price of $35.01. The firm has a market cap of $116.69 billion, a PE ratio of 30.95 and a beta of 0.94.

BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. (NYSE:BP) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.39 by $0.18. BP p.l.c. The company had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. During the same quarter in the previous year, the company earned $0.23 EPS. BP p.l.c. The company's revenue for the quarter was up 21.7% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be given a dividend of $0.595 per share. This represents a dividend yield of 1.64%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.'s payout ratio is 206.96%.

COPYRIGHT VIOLATION WARNING: This report was first reported by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/13/bp-p-l-c-bp-position-reduced-by-woodstock-corp-updated-updated.html. Kepler Capital Markets cut shares of BP p.l.c. from a "hold" rating to a "reduce" rating in a report on Friday, June 30th. Finally, Simmons upped their target price on BP p.l.c. from $34.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, April 19th. Macquarie cut their price objective on shares of Faroe Petroleum plc from GBX 117 ($1.52) to GBX 110 ($1.43) and set an outperform rating on the stock in a research report on Wednesday, June 21st. J P Morgan Chase & Co set a GBX 530 ($6.90) price target on shares of BP plc and gave the stock a buy rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of BP p.l.c. from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock now has a consensus rating of "Hold" and an average target price of $36.51.

Prospex Oil and Gas Plc, formerly Premier Gold Resources Plc, is a United Kingdom-based investment company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE