EverSource Wealth Advisors LLC Buys 333 Shares of BP p.l.c. (NYSE:BP)

EverSource Wealth Advisors LLC lifted its position in BP p.l.c. (NYSE:BPFree Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,245 shares of the oil and gas exploration company’s stock after purchasing an additional 333 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in BP were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BP. First United Bank & Trust purchased a new position in shares of BP in the fourth quarter valued at $33,000. Versant Capital Management Inc purchased a new position in shares of BP in the 4th quarter worth $35,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of BP in the 4th quarter worth about $46,000. Harbor Investment Advisory LLC raised its position in shares of BP by 200.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 1,060 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in BP in the third quarter worth about $75,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Stock Up 0.9 %

BP traded up $0.32 on Thursday, hitting $36.88. The company had a trading volume of 1,585,660 shares, compared to its average volume of 9,279,104. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.23. The stock has a market capitalization of $103.86 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.94 and a beta of 0.67. The stock has a fifty day moving average price of $38.28 and a 200-day moving average price of $36.43. BP p.l.c. has a 12-month low of $33.52 and a 12-month high of $40.84.

BP (NYSE:BPGet Free Report) last announced its earnings results on Tuesday, May 7th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.06). The business had revenue of $48.88 billion for the quarter, compared to analyst estimates of $53.65 billion. BP had a net margin of 4.51% and a return on equity of 13.49%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share. Analysts predict that BP p.l.c. will post 4.78 EPS for the current fiscal year.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, May 16th. BP’s dividend payout ratio is presently 53.92%.

Analyst Ratings Changes

Several research firms have recently issued reports on BP. Erste Group Bank raised BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Piper Sandler lifted their price objective on shares of BP from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank raised their target price on shares of BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their price target on shares of BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Finally, Raymond James boosted their target price on BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.88.

Check Out Our Latest Report on BP

BP Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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