14,675 Shares in BP p.l.c. (NYSE:BP) Purchased by ARK & TLK Investments LLC

ARK & TLK Investments LLC bought a new stake in BP p.l.c. (NYSE:BP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 14,675 shares of the oil and gas exploration company’s stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BP. Captrust Financial Advisors grew its stake in shares of BP by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock worth $13,842,000 after acquiring an additional 5,150 shares during the period. IHT Wealth Management LLC boosted its position in BP by 4.8% during the third quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company’s stock worth $444,000 after purchasing an additional 652 shares during the period. Sunbelt Securities Inc. raised its position in shares of BP by 3.8% in the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock valued at $360,000 after purchasing an additional 415 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of BP by 3.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock valued at $10,795,000 after buying an additional 12,700 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in BP by 4.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 50,333 shares of the oil and gas exploration company’s stock worth $1,580,000 after buying an additional 2,187 shares during the period. 11.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Raymond James raised their target price on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. DZ Bank cut BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. TD Cowen lowered shares of BP from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Wednesday, March 19th. Finally, Piper Sandler decreased their target price on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.48.

BP Stock Down 1.6 %

BP opened at $33.85 on Friday. 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 business’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $31.34. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The stock has a market cap of $91.89 billion, a PE ratio of 423.12, a P/E/G ratio of 1.12 and a beta of 0.58.

BP (NYSE:BP) last released its 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%. As a group, research analysts expect that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 5.67%. The ex-dividend date was Friday, February 21st. BP’s dividend payout ratio 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.