BP p.l.c. (NYSE:BP) Stock Holdings Lowered by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in BP p.l.c. (NYSE:BP - Free Report) by 75.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,918 shares of the oil and gas exploration company's stock after selling 20,923 shares during the quarter. SG Americas Securities LLC's holdings in BP were worth $250,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC purchased a new position in shares of BP in the 1st quarter valued at $31,000. First United Bank & Trust purchased a new position in shares of BP in the 4th quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BP in the 2nd quarter valued at $33,000. Quent Capital LLC purchased a new position in shares of BP in the 2nd quarter valued at $38,000. Finally, Guardian Wealth Management Inc. grew its position in shares of BP by 576.0% in the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company's stock valued at $40,000 after buying an additional 962 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Stock Performance

Shares of NYSE:BP traded up $0.61 during midday trading on Friday, hitting $34.11. The stock had a trading volume of 5,224,648 shares, compared to its average volume of 8,410,176. The company has a market capitalization of $94.49 billion, a PE ratio of 10.69, a P/E/G ratio of 2.05 and a beta of 0.65. The stock has a 50 day moving average price of $34.95 and a two-hundred day moving average price of $36.42. The company has a current ratio of 1.24, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. BP p.l.c. has a 1 year low of $32.51 and a 1 year high of $40.84.

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BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. BP had a net margin of 3.60% and a return on equity of 13.83%. The firm had revenue of $47.30 billion during the quarter, compared to analysts' expectations of $55.82 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts predict that BP p.l.c. will post 4.24 earnings per share for the current fiscal year.

BP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 9th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 5.63%. This is a boost from BP's previous quarterly dividend of $0.44. BP's payout ratio is presently 59.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BP shares. TD Securities increased their target price on shares of BP from $43.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. StockNews.com downgraded shares of BP from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 29th. HSBC downgraded shares of BP from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th. Royal Bank of Canada downgraded shares of BP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 7th. Finally, Argus raised shares of BP to a "hold" rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.23.

Read Our Latest Research Report on BP

BP Company Profile

(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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