Bogart Wealth LLC Has $109,000 Stake in BP p.l.c. (NYSE:BP)

Bogart Wealth LLC decreased its holdings in BP p.l.c. (NYSE:BP) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,683 shares of the oil and gas exploration company’s stock after selling 858 shares during the period. Bogart Wealth LLC’s holdings in BP were worth $109,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank & Trust Co increased its holdings in shares of BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares during the period. Versant Capital Management Inc increased its holdings in shares of BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 646 shares during the period. Anchor Investment Management LLC increased its holdings in shares of BP by 58.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after purchasing an additional 1,154 shares during the period. ST Germain D J Co. Inc. increased its holdings in BP by 9.0% in the third quarter. ST Germain D J Co. Inc. now owns 4,549 shares of the oil and gas exploration company’s stock worth $143,000 after buying an additional 377 shares during the last quarter. Finally, Independence Bank of Kentucky increased its holdings in BP by 1,867.9% in the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after buying an additional 7,565 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday. Raymond James increased their price objective on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.64.

BP Stock Up 1.5 %

BP opened at $35.01 on Friday. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $93.72 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.26 and a beta of 0.64. The business has a 50 day moving average of $30.79 and a 200-day moving average of $31.38.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 1.36% and a return on equity of 12.91%. As a group, sell-side analysts anticipate that BP p.l.c. will post 3.35 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 given a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.48%. BP’s dividend payout ratio (DPR) is currently 200.00%.

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.