Farther Finance Advisors LLC Has $321,000 Stock Holdings in BP p.l.c. (NYSE:BP)

Farther Finance Advisors LLC lifted its stake in shares of BP p.l.c. (NYSE:BP) by 97.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,851 shares of the oil and gas exploration company’s stock after purchasing an additional 5,351 shares during the quarter. Farther Finance Advisors LLC’s holdings in BP were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BP. Asset Planning Inc acquired a new position in BP during the fourth quarter valued at approximately $40,000. Bank & Trust Co increased its stake 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 last quarter. Versant Capital Management Inc lifted its position in shares of BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after buying an additional 646 shares during the last quarter. Anchor Investment Management LLC boosted its stake in BP by 58.7% in the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after buying an additional 1,154 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in BP by 1,867.9% during 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 acquiring an additional 7,565 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BP. Raymond James raised their price target on shares of BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upgraded BP from an “underweight” rating to a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price objective on BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler dropped 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 analyst has rated the stock with a sell rating, thirteen have given a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.26.

BP Trading Up 1.1 %

BP opened at $33.76 on Tuesday. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a fifty day moving average of $32.44 and a 200-day moving average of $31.22. The stock has a market cap of $90.37 billion, a PE ratio of 422.00, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share 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%. On average, sell-side analysts predict that BP p.l.c. will post 3.53 EPS for the current year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 5.69%. The ex-dividend date is Friday, February 21st. BP’s dividend payout ratio (DPR) is presently 2,375.00%.

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.