Beaumont Financial Advisors LLC lowered its holdings in shares of BP p.l.c. (NYSE:BP - Free Report) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,707 shares of the oil and gas exploration company's stock after selling 197,589 shares during the period. Beaumont Financial Advisors LLC's holdings in BP were worth $5,578,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank & Trust Co grew its position in BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company's stock valued at $63,000 after purchasing an additional 1,700 shares during the last quarter. Versant Capital Management Inc increased its position in shares of BP by 41.0% during the fourth 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 in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in BP in the 2nd quarter worth approximately $75,000. ORG Partners LLC lifted its position in BP by 32.5% in the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company's stock valued at $80,000 after acquiring an additional 621 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of BP in the 3rd quarter worth $91,000. Hedge funds and other institutional investors own 11.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on BP. Scotiabank cut BP from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. Morgan Stanley decreased their price objective on shares of BP from $34.70 to $31.80 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. BNP Paribas cut shares of BP from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of BP from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group raised BP to a "strong-buy" rating in a report on Friday, October 11th. Eleven 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 stock. Based on data from MarketBeat, BP currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.76.
Check Out Our Latest Analysis on BP
BP Trading Down 0.9 %
BP traded down $0.30 during trading hours on Wednesday, reaching $31.23. 4,762,959 shares of the company's stock traded hands, compared to its average volume of 10,156,906. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $29.77 and a 200 day moving average price of $31.69. BP p.l.c. has a 52-week low of $27.82 and a 52-week high of $40.40. The firm has a market capitalization of $84.27 billion, a PE ratio of 32.98, a PEG ratio of 2.25 and a beta of 0.64.
BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $47.25 billion during the quarter, compared to analyst estimates of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm's revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. As a group, sell-side analysts predict that BP p.l.c. will post 3.35 EPS for the current fiscal year.
BP Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Friday, November 8th. BP's dividend payout ratio (DPR) is presently 200.00%.
BP Profile
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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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