BP p.l.c. (NYSE:BP) Shares Sold by Auxier Asset Management

Auxier Asset Management cut its stake in shares of BP p.l.c. (NYSE:BP) by 0.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,794 shares of the oil and gas exploration company’s stock after selling 600 shares during the period. Auxier Asset Management’s holdings in BP were worth $6,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in BP during the 3rd quarter worth approximately $5,089,000. Wedge Capital Management L L P NC grew its holdings in shares of BP by 26.7% during the second quarter. Wedge Capital Management L L P NC now owns 629,568 shares of the oil and gas exploration company’s stock valued at $22,727,000 after buying an additional 132,750 shares in the last quarter. Rothschild Investment LLC acquired a new position in BP during the second quarter valued at $2,620,000. SG Americas Securities LLC boosted its position in BP by 860.7% during the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock worth $2,086,000 after acquiring an additional 59,546 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new position in BP during the 3rd quarter valued at about $857,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Stock Up 0.6 %

BP opened at $29.13 on Friday. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. The business has a 50 day moving average price of $30.65 and a 200 day moving average price of $33.44. The firm has a market cap of $7.88 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. BP’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 earnings per share. Research analysts forecast that BP p.l.c. will post 3.66 EPS for the current year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 8th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 6.59%. BP’s dividend payout ratio is presently 200.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on BP shares. Argus upgraded shares of BP to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company lowered their price target on shares of BP from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada lowered BP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 7th. Redburn Atlantic downgraded BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. Finally, StockNews.com raised BP from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.73.

About BP

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.