Janney Capital Management LLC Has $296,000 Position in BP p.l.c. (NYSE:BP)

Janney Capital Management LLC lessened its stake in BP p.l.c. (NYSE:BP - Free Report) by 98.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,001 shares of the oil and gas exploration company's stock after selling 479,236 shares during the quarter. Janney Capital Management LLC's holdings in BP were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BP. Strategic Investment Solutions Inc. IL purchased a new position in shares of BP in the 2nd quarter valued at $75,000. Bank & Trust Co raised its stake in shares of BP by 404.8% in 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 acquiring an additional 1,700 shares during the period. Versant Capital Management Inc raised its stake in shares of 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 period. ORG Partners LLC increased its stake in BP by 32.5% during the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company's stock worth $80,000 after buying an additional 621 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in BP during the 3rd quarter worth $91,000. Institutional investors and hedge funds own 11.01% of the company's stock.

Wall Street Analysts Forecast Growth

BP has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of BP from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. Raymond James boosted their target price on shares of BP from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. The Goldman Sachs Group raised shares of BP to a "strong-buy" rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of BP in a report on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.76.

BP Price Performance

Shares of NYSE:BP traded up $0.36 during midday trading on Thursday, reaching $31.49. 6,585,890 shares of the company's stock were exchanged, compared to its average volume of 10,195,716. 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 capitalization of $84.98 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.23 and a beta of 0.64. The company's 50 day simple moving average is $29.82 and its two-hundred day simple moving average is $31.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm had revenue of $47.25 billion during the quarter, compared to the consensus estimate of $52.05 billion. During the same period last year, the firm posted $1.15 EPS. The firm's quarterly revenue was down 11.3% on a year-over-year basis. Equities research analysts expect that BP p.l.c. will post 3.35 earnings per share for the current fiscal year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Friday, November 8th. BP's dividend payout ratio is 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.