BlackRock Reduces BP Stake as BP Reports Quarterly Dividend Increase
BlackRock sold 1,653,795 BP shares, leaving it with 8,139,211 shares; Sagefield Capital added 274,381 shares and now holds 493,556 worth about $17.1 million. BP reported quarterly EPS of $2.22, above the $1.87 consensus, and announced a higher quarterly dividend paid September 18. Analyst views were mixed, with most ratings at Buy or Hold.