Cozad Asset Management Inc. Has $1.30 Million Holdings in BP p.l.c. (NYSE:BP)

Cozad Asset Management Inc. boosted its holdings in shares of BP p.l.c. (NYSE:BP - Free Report) by 92.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,818 shares of the oil and gas exploration company's stock after buying an additional 21,064 shares during the period. Cozad Asset Management Inc.'s holdings in BP were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of BP by 30.1% during the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock valued at $14,040,000 after acquiring an additional 110,019 shares in the last quarter. SVB Wealth LLC purchased a new position in BP in the fourth quarter valued at about $588,000. Avior Wealth Management LLC increased its position in BP by 83.3% in the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company's stock worth $1,577,000 after purchasing an additional 24,252 shares during the last quarter. Altrius Capital Management Inc raised its stake in shares of BP by 16.6% during the 4th quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock worth $8,056,000 after purchasing an additional 38,751 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of BP by 2.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company's stock valued at $19,526,000 after buying an additional 14,436 shares during the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on BP. Royal Bank of Canada reiterated a "sector perform" rating on shares of BP in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price objective 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. Raymond James raised their target price on BP from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Wolfe Research set a $50.00 price target on BP in a research note on Tuesday, January 14th. Finally, TD Cowen downgraded BP from a "buy" rating to a "hold" rating and set a $40.00 price objective on the stock. in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BP currently has a consensus rating of "Hold" and an average target price of $37.48.

BP Stock Performance

Shares of NYSE BP traded down $0.16 during mid-day trading on Friday, hitting $34.60. The company had a trading volume of 40,923,359 shares, compared to its average volume of 9,167,661. 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 $92.62 billion, a P/E ratio of 432.49, a PEG ratio of 1.12 and a beta of 0.58. The business's 50-day simple moving average is $32.63 and its 200-day simple moving average is $31.27. 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 Announces Dividend

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 5.55%. The ex-dividend date of this dividend is Friday, February 21st. BP's dividend payout ratio is 2,375.00%.

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.