Delek Group Ltd. Invests $26.99 Million in BP plc (BP) Stock

Delek Group Ltd. acquired a new stake in BP plc (NYSE:BP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 643,144 shares of the oil and gas exploration company’s stock, valued at approximately $26,992,000. BP comprises about 1.4% of Delek Group Ltd.’s holdings, making the stock its 11th largest position.

A number of other large investors have also recently bought and sold shares of BP. New York State Common Retirement Fund raised its stake in shares of BP by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 605,397 shares of the oil and gas exploration company’s stock worth $23,265,000 after buying an additional 7,719 shares during the last quarter. SG Americas Securities LLC raised its stake in BP by 136.8% in the 3rd quarter. SG Americas Securities LLC now owns 7,800 shares of the oil and gas exploration company’s stock valued at $300,000 after purchasing an additional 28,996 shares during the last quarter. Ameriprise Financial Inc. raised its stake in BP by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock valued at $258,345,000 after purchasing an additional 61,668 shares during the last quarter. Assetmark Inc. raised its stake in BP by 6.7% in the 3rd quarter. Assetmark Inc. now owns 93,251 shares of the oil and gas exploration company’s stock valued at $3,584,000 after purchasing an additional 5,839 shares during the last quarter. Finally, Barrett Asset Management LLC raised its stake in BP by 33.4% in the 3rd quarter. Barrett Asset Management LLC now owns 5,992 shares of the oil and gas exploration company’s stock valued at $230,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 10.18% of the company’s stock.

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A number of brokerages have recently issued reports on BP. Zacks Investment Research upgraded BP from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, March 6th. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Societe Generale upgraded BP from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Piper Jaffray reissued a “buy” rating and set a $51.00 price target on shares of BP in a research report on Wednesday, January 24th. Finally, Vetr lowered BP from a “strong-buy” rating to a “buy” rating and set a $44.43 target price on the stock. in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.92.

Shares of NYSE:BP remained flat at $$43.06 during trading on Thursday. The stock had a trading volume of 3,466,248 shares, compared to its average volume of 6,233,551. BP plc has a one year low of $33.83 and a one year high of $44.62. The firm has a market cap of $141,587.67, a price-to-earnings ratio of 22.90, a PEG ratio of 0.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). BP had a return on equity of 6.19% and a net margin of 1.39%. The company had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter last year, the business earned $0.13 EPS. BP’s quarterly revenue was up 33.0% compared to the same quarter last year. equities research analysts anticipate that BP plc will post 2.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, February 16th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.57%. BP’s payout ratio is currently 126.60%.

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BP 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.

Institutional Ownership by Quarter for BP (NYSE:BP)

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