Avior Wealth Management LLC Has $1.58 Million Position in BP p.l.c. (NYSE:BP)

Avior Wealth Management LLC lifted its position in BP p.l.c. (NYSE:BP - Free Report) by 83.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,360 shares of the oil and gas exploration company's stock after buying an additional 24,252 shares during the period. Avior Wealth Management LLC's holdings in BP were worth $1,577,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BP. Quantbot Technologies LP bought a new stake in shares of BP during the 3rd quarter worth $5,089,000. SG Americas Securities LLC boosted its position in shares of BP by 860.7% in the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company's stock valued at $2,086,000 after purchasing an additional 59,546 shares during the period. Integrated Investment Consultants LLC acquired a new stake in BP during the 3rd quarter worth about $857,000. Kornitzer Capital Management Inc. KS increased its position in shares of BP by 5.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company's stock worth $14,282,000 after acquiring an additional 23,325 shares in the last quarter. Finally, Altrius Capital Management Inc raised its holdings in shares of BP by 9.9% during 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 acquiring an additional 20,976 shares during the period. Institutional investors own 11.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their target price on BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. 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 dropped their price target on shares of BP from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. Scotiabank downgraded BP from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. 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's stock. According to MarketBeat, BP has a consensus rating of "Moderate Buy" and a consensus price target of $38.76.

BP Price Performance

Shares of BP traded down $0.02 during trading hours on Friday, hitting $31.48. The stock had a trading volume of 5,747,638 shares, compared to its average volume of 9,899,320. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The stock has a market capitalization of $84.95 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.64. The company's fifty day moving average is $29.87 and its two-hundred day moving average is $31.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $52.05 billion. During the same quarter last year, the business posted $1.15 earnings per share. BP's revenue for the quarter was down 11.3% compared to the same quarter last year. On average, analysts anticipate that BP p.l.c. will post 3.35 EPS for the current year.

BP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend was Friday, November 8th. BP's payout ratio is currently 200.00%.

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.