Integrated Investment Consultants LLC Purchases Shares of 27,305 BP p.l.c. (NYSE:BP)

Integrated Investment Consultants LLC purchased a new position in BP p.l.c. (NYSE:BP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,305 shares of the oil and gas exploration company's stock, valued at approximately $857,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Altrius Capital Management Inc lifted its stake in BP by 9.9% in the third quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company's stock valued at $7,338,000 after buying an additional 20,976 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of BP in the second quarter valued at about $2,620,000. LRI Investments LLC bought a new position in shares of BP during the first quarter worth approximately $32,000. Kornitzer Capital Management Inc. KS raised its stake in BP by 4.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 431,655 shares of the oil and gas exploration company's stock valued at $15,583,000 after purchasing an additional 19,140 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in BP by 93.4% during the second quarter. AdvisorNet Financial Inc now owns 16,070 shares of the oil and gas exploration company's stock valued at $580,000 after purchasing an additional 7,761 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company's stock.

BP Trading Up 0.7 %

BP stock traded up $0.20 during midday trading on Friday, reaching $29.72. 15,181,562 shares of the stock traded hands, compared to its average volume of 8,640,982. The firm has a market cap of $8.04 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $30.92 and a two-hundred day simple moving average of $33.68.

BP (NYSE:BP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The business had revenue of $47.25 billion during the quarter, compared to analysts' expectations of $52.05 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The company's revenue for the quarter was down 11.3% on a year-over-year basis. Research analysts expect that BP p.l.c. will post 3.67 earnings per share for the current fiscal year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 8th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.46%. BP's dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BP. Argus raised BP to a "hold" rating in a research report on Thursday, August 1st. BNP Paribas lowered shares of BP from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 9th. Redburn Atlantic lowered BP from a "buy" rating to a "neutral" rating in a research report on Tuesday, September 24th. StockNews.com upgraded BP from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their price objective on shares of BP from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.73.

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.