Quantbot Technologies LP lessened its stake in shares of BP p.l.c. (NYSE:BP - Free Report) by 73.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,231 shares of the oil and gas exploration company's stock after selling 119,880 shares during the quarter. Quantbot Technologies LP's holdings in BP were worth $1,248,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Horizon Investments LLC grew its position in shares of BP by 3.3% during the fourth quarter. Horizon Investments LLC now owns 19,753 shares of the oil and gas exploration company's stock worth $584,000 after acquiring an additional 640 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in shares of BP by 92.6% during the fourth quarter. Cozad Asset Management Inc. now owns 43,818 shares of the oil and gas exploration company's stock worth $1,295,000 after buying an additional 21,064 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in BP by 427.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,167 shares of the oil and gas exploration company's stock valued at $389,000 after acquiring an additional 10,671 shares during the last quarter. Wellington Shields Capital Management LLC grew its stake in shares of BP by 26.9% in the 4th quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company's stock valued at $223,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of BP by 97.3% during the fourth quarter. Farther Finance Advisors LLC now owns 10,851 shares of the oil and gas exploration company's stock worth $321,000 after purchasing an additional 5,351 shares during the last quarter. 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 recent research reports. Wolfe Research set a $50.00 price objective on shares of BP in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upgraded shares of BP from an "underweight" rating to a "neutral" rating in a research report on Thursday, February 20th. Piper Sandler decreased their target price on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. DZ Bank cut shares of BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley lowered their target price on shares of BP from $34.70 to $31.80 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $37.48.
Check Out Our Latest Stock Report on BP
BP Trading Down 1.6 %
BP stock traded down $0.57 during trading on Friday, hitting $33.85. The company's stock had a trading volume of 7,083,513 shares, compared to its average volume of 9,509,679. 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 market capitalization of $91.89 billion, a price-to-earnings ratio of 423.12, a P/E/G ratio of 1.12 and a beta of 0.58. The stock's fifty day moving average is $32.97 and its 200 day moving average is $31.34. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40.
BP (NYSE:BP - Get Free Report) last released its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts predict that BP p.l.c. will post 3.53 EPS for the current year.
BP Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Friday, February 21st. BP's payout ratio is currently 2,375.00%.
About BP
(
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.
Read More
Before you consider BP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.
While BP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
