Euro Pacific Asset Management LLC cut its holdings in shares of BP p.l.c. (NYSE:BP – Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370,154 shares of the oil and gas exploration company’s stock after selling 5,735 shares during the period. BP makes up 2.4% of Euro Pacific Asset Management LLC’s holdings, making the stock its 18th biggest holding. Euro Pacific Asset Management LLC’s holdings in BP were worth $11,111,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bank & Trust Co lifted its position in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 1,700 shares in the last quarter. Versant Capital Management Inc lifted its holdings in BP by 41.0% during the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after acquiring an additional 646 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in BP in the second quarter worth $75,000. ORG Partners LLC increased its position in shares of BP by 32.5% during the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after purchasing an additional 621 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of BP during the 3rd quarter worth $91,000. Institutional investors own 11.01% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on BP shares. StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Piper Sandler decreased their target price on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Scotiabank cut BP from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. Finally, Morgan Stanley dropped their price objective on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.76.
BP Stock Down 0.0 %
Shares of NYSE:BP opened at $31.48 on Friday. The firm has a fifty day moving average price of $29.87 and a two-hundred day moving average price of $31.68. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. BP p.l.c. has a one year low of $27.82 and a one year high of $40.40.
BP (NYSE:BP – Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. BP had a return on equity of 12.91% and a net margin of 1.36%. The business had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. Analysts anticipate that BP p.l.c. will post 3.35 EPS for the current fiscal year.
BP Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.92 annualized dividend and a yield of 6.10%. BP’s payout ratio is presently 200.00%.
BP Company 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.
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