Chevy Chase Trust Holdings Inc. cut its position in BP plc (NYSE:BP) by 7.6% during the first quarter, according to its most recent 13F filing with the SEC.
Other large investors also recently modified their holdings of the company. Panmure Gordon dropped their price objective on shares of Tullow Oil plc from GBX 245 ($3.17) to GBX 215 ($2.78) and set a "hold" rating for the company in a research note on Tuesday, March 21st. Institutional Capital LLC purchased a new stake in shares of Total SA during the fourth quarter valued at approximately $195,149,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Total SA during the first quarter worth $2,964,000. CT raised its position in shares of BP plc by 8.1% in the first quarter. The Company is engaged in the production, development and exploration of oil and gas in the pre-Caspian Basin. Hedge funds and other institutional investors own 6.74% of the company's stock.
BP plc (NYSE:BP) traded up 0.57% during trading on Thursday, reaching $35.21. 19,933,497 shares of the company were exchanged. Finally, Goldman Sachs Group Inc upgraded shares of Tullow Oil plc to a "neutral" rating and dropped their price objective for the stock from GBX 207.40 ($2.68) to GBX 200.60 ($2.59) in a research note on Monday, March 27th. Nostrum Oil & Gas PLC has a 1-year low of GBX 255.00 and a 1-year high of GBX 525.00. The firm's market cap is GBX 1.86 billion. The oil and gas exploration company reported $1.01 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.95 by $0.06. The business had revenue of $41.18 billion during the quarter. Total SA had a net margin of 4.14% and a return on equity of 8.25%. On average, equities research analysts predict that BP plc will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 17th were paid a dividend of $0.543 per share. This represents a $2.17 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, May 11th.
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BP plc (LON:BP) declared a dividend on Tuesday, May 2nd. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & global copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/05/11/total-sa-tot-stake-raised-by-first-bank-trust-updated.html.
TRADEMARK VIOLATION WARNING: "Deutsche Bank AG Reiterates "Buy" Rating for Nostrum Oil & Gas PLC (NOG)" was first reported by BBNS and is the property of of BBNS. The company has a 50-day moving average price of GBX 204.03 and a 200-day moving average price of GBX 263.24. Jefferies Group LLC reiterated a "hold" rating on shares of Total SA in a report on Wednesday, January 18th. Finally, Albert D Mason Inc. increased its position in shares of Total SA by 94.0% in the third quarter. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. The stock has a consensus rating of Buy and an average target price of $35.84.
BP p.l.c.is an integrated oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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