OLD Mission Capital LLC Decreases Stock Holdings in BP p.l.c. (NYSE:BP)

OLD Mission Capital LLC cut its position in shares of BP p.l.c. (NYSE:BP - Free Report) by 39.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,994 shares of the oil and gas exploration company's stock after selling 121,602 shares during the period. OLD Mission Capital LLC's holdings in BP were worth $5,587,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BP. Wedge Capital Management L L P NC increased its holdings in BP by 2.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company's stock worth $19,526,000 after acquiring an additional 14,436 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of BP by 30.1% during the fourth quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock worth $14,040,000 after purchasing an additional 110,019 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of BP by 2.3% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company's stock worth $13,753,000 after purchasing an additional 10,262 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of BP by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company's stock valued at $10,795,000 after acquiring an additional 12,700 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its stake in shares of BP by 16.6% in the fourth quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock worth $8,056,000 after acquiring an additional 38,751 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company's stock.

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Analysts Set New Price Targets

BP has been the topic of several recent research reports. Raymond James lifted their target price on shares of BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. raised shares of BP from an "underweight" rating to a "neutral" rating in a research note on Thursday, February 20th. DZ Bank cut BP from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of BP in a report on Tuesday, January 14th. Finally, TD Securities reissued a "hold" rating and set a $36.00 price objective (down previously from $40.00) on shares of BP in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $37.48.

BP Trading Down 7.2 %

Shares of BP traded down $2.44 during midday trading on Thursday, hitting $31.38. 19,510,320 shares of the stock were exchanged, compared to its average volume of 9,527,281. BP p.l.c. has a 52-week low of $27.82 and a 52-week high of $40.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a fifty day simple moving average of $33.12 and a 200 day simple moving average of $31.39. The firm has a market cap of $85.18 billion, a P/E ratio of 392.24, a P/E/G ratio of 1.12 and a beta of 0.58.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. On average, research analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.12%. The ex-dividend date was Friday, February 21st. BP's payout ratio is presently 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.