Murphy Capital Management Inc. Sells 3,850 Shares of BP plc (BP)

Murphy Capital Management Inc. lessened its position in shares of BP plc (NYSE:BP) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,570 shares of the oil and gas exploration company’s stock after selling 3,850 shares during the quarter. Murphy Capital Management Inc.’s holdings in BP were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Eukles Asset Management bought a new stake in shares of BP during the fourth quarter worth $26,000. Highwater Wealth Management LLC bought a new stake in shares of BP during the fourth quarter worth $46,000. Financial Gravity Companies Inc. bought a new stake in shares of BP during the fourth quarter worth $43,000. Reilly Financial Advisors LLC raised its position in shares of BP by 98.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 1,050 shares of the oil and gas exploration company’s stock worth $40,000 after acquiring an additional 520 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of BP by 50.7% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,325 shares of the oil and gas exploration company’s stock worth $50,000 after acquiring an additional 446 shares during the last quarter. 11.09% of the stock is currently owned by institutional investors.

Shares of BP stock opened at $42.49 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. BP plc has a 12 month low of $36.28 and a 12 month high of $47.83. The firm has a market cap of $142.05 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.84 and a beta of 0.82.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The business had revenue of $75.68 billion during the quarter, compared to analysts’ expectations of $78.78 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that BP plc will post 3.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, February 15th will be paid a dividend of $0.615 per share. The ex-dividend date is Thursday, February 14th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.79%. BP’s dividend payout ratio (DPR) is presently 64.21%.

A number of equities research analysts have recently weighed in on BP shares. Raymond James upgraded BP from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Wells Fargo & Co started coverage on BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 target price for the company. Piper Jaffray Companies restated an “overweight” rating on shares of BP in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded BP from a “strong sell” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.79.

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BP 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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