27,305 Shares in BP p.l.c. (NYSE:BP) Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC bought a new position in BP p.l.c. (NYSE:BP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,305 shares of the oil and gas exploration company’s stock, valued at approximately $857,000.

Other hedge funds also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its holdings in shares of BP by 26.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 629,568 shares of the oil and gas exploration company’s stock valued at $22,727,000 after purchasing an additional 132,750 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of BP during the 2nd quarter valued at about $2,620,000. SG Americas Securities LLC raised its position in 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 worth $2,086,000 after purchasing an additional 59,546 shares during the period. Sanibel Captiva Trust Company Inc. raised its position in BP by 147.9% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 43,063 shares of the oil and gas exploration company’s stock worth $1,555,000 after purchasing an additional 25,690 shares during the period. Finally, Fairview Capital Investment Management LLC purchased a new stake in BP in the 1st quarter worth about $918,000. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BP. Evercore ISI raised shares of BP to a “strong-buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a research note on Friday, October 11th. BNP Paribas downgraded shares of BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Hsbc Global Res upgraded shares of BP to a “hold” rating in a research note on Thursday, August 8th. Finally, UBS Group upgraded shares of BP to a “strong-buy” rating in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.73.

BP Trading Up 1.4 %

NYSE BP opened at $29.50 on Friday. 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 company has a fifty day simple moving average of $30.96 and a two-hundred day simple moving average of $33.75. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The stock has a market cap of $7.98 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.98 and a beta of 0.65.

BP (NYSE:BP) last issued its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. During the same quarter last year, the company posted $1.15 earnings per share. The firm’s revenue was down 11.3% compared to the same quarter last year. On average, analysts forecast that BP p.l.c. will post 3.67 earnings per share for the current year.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 8th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a yield of 6.51%. BP’s payout ratio is 200.00%.

BP 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.