BP p.l.c. (NYSE:BP) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of BP p.l.c. (NYSE:BP - Free Report) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 474,957 shares of the oil and gas exploration company's stock after purchasing an additional 110,019 shares during the period. Bank of New York Mellon Corp's holdings in BP were worth $14,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Butensky & Cohen Financial Security Inc. boosted its stake in BP by 0.3% during the 4th 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 last quarter. Sunbelt Securities Inc. lifted its stake in shares of BP by 3.8% in the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company's stock worth $360,000 after buying an additional 415 shares in the last quarter. Atlas Brown Inc. boosted its position in 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 acquiring an additional 437 shares during the last quarter. Versant Capital Management Inc raised its holdings in BP by 41.0% in the 4th 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 lifted its stake in BP by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company's stock worth $444,000 after purchasing an additional 652 shares in the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BP shares. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of BP in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upgraded shares of BP from an "underweight" rating to a "neutral" rating in a research report on Thursday, February 20th. StockNews.com lowered shares of BP from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company raised their price target on shares of BP from $30.00 to $37.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, DZ Bank cut BP from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.26.

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BP Stock Up 0.9 %

BP stock opened at $32.25 on Thursday. The company's 50 day moving average price is $32.28 and its 200 day moving average price is $31.26. The firm has a market capitalization of $86.35 billion, a price-to-earnings ratio of 403.21, a PEG ratio of 1.12 and a beta of 0.58. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. 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 (NYSE:BP - Get Free Report) last announced its quarterly 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 net margin of 0.20% and a return on equity of 10.96%. On average, equities research analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 5.95%. BP's dividend payout ratio is presently 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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