Altrius Capital Management Inc Grows Stock Holdings in BP p.l.c. (NYSE:BP)

Altrius Capital Management Inc boosted its stake in shares of BP p.l.c. (NYSE:BP - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,527 shares of the oil and gas exploration company's stock after purchasing an additional 38,751 shares during the period. BP comprises approximately 2.2% of Altrius Capital Management Inc's holdings, making the stock its 4th largest position. Altrius Capital Management Inc's holdings in BP were worth $8,056,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BP. Asset Planning Inc acquired a new stake in shares of BP during the 4th quarter valued at about $40,000. Bank & Trust Co raised its position in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company's stock valued at $63,000 after acquiring an additional 1,700 shares in the last quarter. Versant Capital Management Inc grew its position 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 worth $66,000 after acquiring an additional 646 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of BP by 58.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company's stock worth $98,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in shares of BP by 1,867.9% during the 4th quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company's stock valued at $236,000 after purchasing an additional 7,565 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company's stock.

BP Stock Performance

Shares of NYSE BP traded down $0.11 during mid-day trading on Monday, hitting $33.02. The company had a trading volume of 2,440,696 shares, compared to its average volume of 11,973,365. BP p.l.c. has a 12 month low of $27.82 and a 12 month high of $40.40. The firm has a market cap of $88.39 billion, a P/E ratio of 412.99, a PEG ratio of 1.12 and a beta of 0.64. The business's 50-day simple moving average is $31.82 and its 200-day simple moving average is $31.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.97.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing analysts' consensus estimates 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, analysts predict that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Friday, February 21st. BP's dividend payout ratio is 2,375.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BP shares. Raymond James increased their target price on shares of BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Wells Fargo & Company increased their price objective on BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. DZ Bank cut BP from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Royal Bank of Canada reissued a "sector perform" rating on shares of BP in a research report on Tuesday, January 14th. Finally, Piper Sandler decreased their price objective on shares of BP from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.76.

BP 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.