Altrius Capital Management Inc grew its holdings in BP p.l.c. (NYSE:BP - Free Report) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,776 shares of the oil and gas exploration company's stock after acquiring an additional 20,976 shares during the period. BP comprises about 1.8% of Altrius Capital Management Inc's investment portfolio, making the stock its 20th biggest position. Altrius Capital Management Inc's holdings in BP were worth $7,338,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Beaumont Financial Advisors LLC purchased a new position in shares of BP during the first quarter valued at approximately $6,682,000. Wedge Capital Management L L P NC increased its position 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 worth $22,727,000 after purchasing an additional 132,750 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of BP during the second quarter worth $2,620,000. SG Americas Securities LLC increased its position in shares of BP by 860.7% during the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company's stock worth $2,086,000 after purchasing an additional 59,546 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its position in shares of BP by 147.9% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 43,063 shares of the oil and gas exploration company's stock valued at $1,555,000 after acquiring an additional 25,690 shares during the period. 11.01% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com raised BP from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Barclays raised BP to a "strong-buy" rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised shares of BP to a "strong-buy" rating in a research note on Friday, October 11th. Scotiabank lowered shares of BP from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. Finally, Evercore ISI raised shares of BP to a "strong-buy" rating in a research note on Wednesday, July 31st. Eleven investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.73.
Read Our Latest Report on BP
BP Trading Down 0.2 %
NYSE BP traded down $0.07 on Friday, reaching $28.98. The stock had a trading volume of 8,118,098 shares, compared to its average volume of 8,529,231. The firm has a market capitalization of $78.61 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 1.94 and a beta of 0.65. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The stock has a fifty day moving average price of $31.20 and a two-hundred day moving average price of $34.08.
BP (NYSE:BP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.05. The company had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The firm's quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.15 earnings per share. As a group, sell-side analysts forecast that BP p.l.c. will post 3.68 EPS for the current fiscal year.
BP Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 annualized dividend and a dividend yield of 6.63%. BP's dividend payout ratio (DPR) is 200.00%.
About BP
(
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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