19,880 Shares in BP p.l.c. (NYSE:BP) Acquired by SVB Wealth LLC

SVB Wealth LLC bought a new stake in BP p.l.c. (NYSE:BP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,880 shares of the oil and gas exploration company's stock, valued at approximately $588,000.

Several other large investors have also recently bought and sold shares of BP. Butensky & Cohen Financial Security Inc. lifted its holdings in shares of BP by 0.3% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company's stock worth $3,820,000 after purchasing an additional 358 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of BP by 3.8% during the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company's stock worth $360,000 after purchasing an additional 415 shares during the period. Atlas Brown Inc. lifted its holdings in shares of BP by 1.2% during the fourth quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company's stock worth $1,104,000 after purchasing an additional 437 shares during the period. Versant Capital Management Inc boosted its holdings in BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company's stock valued at $66,000 after acquiring an additional 646 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in BP by 4.8% in the third quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company's stock valued at $444,000 after acquiring an additional 652 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BP has been the topic of several analyst reports. DZ Bank cut BP from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. StockNews.com cut BP from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Piper Sandler decreased their price target on BP from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company increased their price target on BP from $30.00 to $37.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, Raymond James increased their price target on BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, BP presently has an average rating of "Moderate Buy" and a consensus target price of $38.76.

BP Trading Down 3.9 %

Shares of BP stock opened at $31.82 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The stock has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $31.34. The stock has a market capitalization of $85.19 billion, a PE ratio of 397.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.64.

BP (NYSE:BP - Get Free Report) last posted its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. As a group, equities analysts anticipate that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Friday, February 21st. BP's payout ratio is currently 2,375.00%.

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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