Two Sigma Securities LLC Makes New Investment in BP p.l.c. $BP

Two Sigma Securities LLC acquired a new stake in BP p.l.c. (NYSE:BP – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 117,675 shares of the oil and gas exploration company’s stock, valued at approximately $4,348,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HBK Sorce Advisory LLC increased its stake in BP by 2.9% in the second quarter. HBK Sorce Advisory LLC now owns 11,424 shares of the oil and gas exploration company’s stock valued at $422,000 after acquiring an additional 317 shares during the period. Versant Capital Management Inc boosted its holdings in BP by 4.8% during the second quarter. Versant Capital Management Inc now owns 7,953 shares of the oil and gas exploration company’s stock valued at $294,000 after purchasing an additional 366 shares in the last quarter. Atlas Brown Inc. boosted its holdings in BP by 1.0% during the second quarter. Atlas Brown Inc. now owns 36,925 shares of the oil and gas exploration company’s stock valued at $1,364,000 after purchasing an additional 370 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of BP by 7.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 374 shares during the period. Finally, Denali Advisors LLC raised its holdings in shares of BP by 2.0% in the 2nd quarter. Denali Advisors LLC now owns 19,709 shares of the oil and gas exploration company’s stock worth $728,000 after buying an additional 384 shares in the last quarter. 11.01% of the stock is owned by institutional investors.

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BP Trading Down 0.0%

Shares of NYSE BP opened at $42.13 on Monday. BP p.l.c. has a 1-year low of $32.72 and a 1-year high of $48.27. The company has a 50-day moving average of $41.38 and a two-hundred day moving average of $42.54. The company has a market cap of $110.36 billion, a PE ratio of 20.55, a P/E/G ratio of 0.57 and a beta of 0.15. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.87 by $0.35. BP had a net margin of 2.49% and a return on equity of 16.63%. The business had revenue of $69.11 billion for the quarter, compared to analysts’ expectations of $57.89 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. BP’s revenue was up 106.1% compared to the same quarter last year. As a group, equities analysts expect that BP p.l.c. will post 6.08 earnings per share for the current fiscal year.

BP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be given a $0.5196 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, August 14th. This is a positive change from BP’s previous quarterly dividend of $0.50. BP’s dividend payout ratio is 100.49%.

Analyst Ratings Changes

Several brokerages recently commented on BP. Mizuho set a $53.00 price target on BP in a research note on Wednesday, August 5th. Argus raised BP from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday, May 11th. Wells Fargo & Company reduced their target price on shares of BP from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada upgraded shares of BP from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.36.

Check Out Our Latest Stock Report on BP

About BP

(Free Report)

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.

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