Rothschild Investment LLC Makes New Investment in BP p.l.c. (NYSE:BP)

Rothschild Investment LLC bought a new stake in BP p.l.c. (NYSE:BP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,583 shares of the oil and gas exploration company's stock, valued at approximately $2,620,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in BP during the 1st quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BP in the second quarter worth $33,000. First United Bank & Trust acquired a new position in BP during the fourth quarter valued at $33,000. Quent Capital LLC acquired a new stake in BP during the 2nd quarter worth about $38,000. Finally, Guardian Wealth Management Inc. raised its stake in shares of BP by 576.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company's stock valued at $40,000 after buying an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 11.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI raised BP to a "strong-buy" rating in a report on Wednesday, July 31st. Scotiabank cut their target price on shares of BP from $47.00 to $42.00 and set a "sector outperform" rating for the company in a report on Friday, July 12th. HSBC downgraded shares of BP from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Hsbc Global Res upgraded BP to a "hold" rating in a research report on Thursday, August 8th. Finally, StockNews.com lowered shares of BP from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.23.

BP Trading Down 1.5 %

Shares of NYSE BP traded down $0.51 during trading on Friday, hitting $33.96. 5,680,344 shares of the company were exchanged, compared to its average volume of 5,941,676. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.24. BP p.l.c. has a 12-month low of $32.51 and a 12-month high of $40.84. The company has a fifty day moving average price of $34.83 and a 200-day moving average price of $36.36. The firm has a market capitalization of $94.07 billion, a PE ratio of 10.65, a P/E/G ratio of 2.05 and a beta of 0.65.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.08. BP had a net margin of 3.60% and a return on equity of 13.83%. The business had revenue of $47.30 billion during the quarter, compared to the consensus estimate of $55.82 billion. During the same quarter last year, the firm earned $0.89 EPS. The business's revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts expect that BP p.l.c. will post 4.09 EPS for the current year.

BP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, August 9th. This is a boost from BP's previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.65%. BP's dividend payout ratio is currently 59.56%.

BP Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.