SG Americas Securities LLC Raises Holdings in BP p.l.c. (NYSE:BP)

SG Americas Securities LLC grew its stake in shares of BP p.l.c. (NYSE:BP - Free Report) by 860.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,464 shares of the oil and gas exploration company's stock after buying an additional 59,546 shares during the quarter. SG Americas Securities LLC's holdings in BP were worth $2,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BP. LRI Investments LLC purchased a new position in BP during the 1st quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BP in the second quarter worth $33,000. Quent Capital LLC bought a new stake in BP in the second quarter valued at $38,000. Guardian Wealth Management Inc. raised its holdings in 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 worth $40,000 after purchasing an additional 962 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in shares of BP by 85.7% during the 2nd quarter. Independence Bank of Kentucky now owns 1,300 shares of the oil and gas exploration company's stock valued at $47,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 11.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BP. Redburn Atlantic downgraded BP from a "buy" rating to a "neutral" rating in a report on Tuesday, September 24th. StockNews.com raised BP from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada lowered shares of BP from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, August 7th. Piper Sandler restated a "neutral" rating and issued a $43.00 price target on shares of BP in a research note on Wednesday, July 17th. Finally, Argus raised shares of BP to a "hold" rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, BP has an average rating of "Moderate Buy" and an average price target of $43.73.

BP Stock Performance

BP stock traded down $1.12 during mid-day trading on Tuesday, reaching $32.02. 9,035,044 shares of the stock traded hands, compared to its average volume of 8,402,586. The stock has a market capitalization of $88.70 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 4.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.95. The business's 50-day moving average is $33.04 and its 200-day moving average is $35.62. BP p.l.c. has a 12-month low of $30.52 and a 12-month high of $40.84.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $55.82 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The business's quarterly revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts predict that BP p.l.c. will post 3.85 EPS for the current fiscal year.

BP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 9th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from BP's previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 6.00%. BP's payout ratio is 59.56%.

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.