BP p.l.c. (NYSE:BP) Shares Sold by SouthState Corp

SouthState Corp cut its position in BP p.l.c. (NYSE:BP - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,734 shares of the oil and gas exploration company's stock after selling 30,573 shares during the period. SouthState Corp's holdings in BP were worth $2,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quantbot Technologies LP bought a new stake in BP in the 3rd quarter valued at $5,089,000. Bank of New York Mellon Corp lifted its stake 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 worth $14,040,000 after acquiring an additional 110,019 shares during the last quarter. Altrius Capital Management Inc boosted its position in BP by 16.6% in the 4th quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock valued at $8,056,000 after buying an additional 38,751 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of BP in the 3rd quarter worth $857,000. Finally, Avior Wealth Management LLC lifted its position in shares of 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 period. 11.01% of the stock is owned by institutional investors.

BP Trading Up 0.4 %

NYSE BP traded up $0.16 during trading on Thursday, hitting $34.77. The stock had a trading volume of 21,304,995 shares, compared to its average volume of 9,025,646. The company has a market capitalization of $93.07 billion, a PE ratio of 434.62, a PEG ratio of 1.12 and a beta of 0.58. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $32.56 and a 200 day moving average price of $31.24.

Remove Ads

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 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, equities research analysts forecast that BP p.l.c. will post 3.53 earnings per share for the current year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.52%. BP's payout ratio is 2,375.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. TD Cowen downgraded shares of BP from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research note on Wednesday. Wells Fargo & Company raised their target price on BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. DZ Bank lowered BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of BP in a research report on Tuesday, January 14th. Finally, Wolfe Research set a $50.00 price target on BP in a report on Tuesday, January 14th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.48.

About BP

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.