BP p.l.c. (NYSE:BP) Position Trimmed by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its holdings in shares of BP p.l.c. (NYSE:BP) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,245 shares of the oil and gas exploration company’s stock after selling 15,007 shares during the quarter. Valeo Financial Advisors LLC’s holdings in BP were worth $1,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BP. ST Germain D J Co. Inc. grew its stake in BP by 9.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 4,549 shares of the oil and gas exploration company’s stock valued at $143,000 after acquiring an additional 377 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake 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 valued at $14,282,000 after buying an additional 23,325 shares in the last quarter. Meritage Portfolio Management grew its stake in shares of BP by 1.4% in the 3rd quarter. Meritage Portfolio Management now owns 107,512 shares of the oil and gas exploration company’s stock valued at $3,375,000 after buying an additional 1,468 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of BP by 12.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,597 shares of the oil and gas exploration company’s stock valued at $301,000 after buying an additional 1,046 shares in the last quarter. Finally, Altrius Capital Management Inc grew its stake 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 valued at $7,338,000 after buying an additional 20,976 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

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 $30.92 and a 200-day moving average of $31.38.

BP (NYSE:BP) last issued its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

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 $0.48 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.48%. BP’s payout ratio is 200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. DZ Bank cut BP from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Morgan Stanley decreased their target price on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler decreased their target price on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.

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.