BP p.l.c. (NYSE:BP) Shares Purchased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its holdings in BP p.l.c. (NYSE:BP) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,165 shares of the oil and gas exploration company’s stock after buying an additional 1,860 shares during the period. Integrated Investment Consultants LLC’s holdings in BP were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Altrius Capital Management Inc raised its position in shares of BP by 9.9% in the 3rd quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after buying an additional 20,976 shares during the period. Kornitzer Capital Management Inc. KS raised its holdings in shares of BP by 5.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after purchasing an additional 23,325 shares during the period. SG Americas Securities LLC lifted its stake in shares of BP by 860.7% in the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after purchasing an additional 59,546 shares in the last quarter. Wedge Capital Management L L P NC increased its position in BP by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 646,102 shares of the oil and gas exploration company’s stock worth $20,281,000 after purchasing an additional 16,534 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in BP in the third quarter valued at approximately $5,089,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BP shares. Piper Sandler dropped their price objective on shares of BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reduced their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Redburn Atlantic lowered BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. BNP Paribas lowered BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.76.

BP Stock Down 0.3 %

BP stock opened at $31.70 on Friday. 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 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The company has a market cap of $84.70 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.64. The business’s 50-day simple moving average is $29.59 and its 200 day simple moving average is $31.87.

BP (NYSE:BP) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.15 EPS. On average, research analysts anticipate that BP p.l.c. will post 3.45 earnings per share for the current year.

BP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was Friday, November 8th. BP’s dividend payout ratio (DPR) is currently 200.00%.

BP Company 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.