BP p.l.c. (NYSE:BP) Shares Sold by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC decreased its holdings in shares of BP p.l.c. (NYSE:BP) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,530 shares of the oil and gas exploration company’s stock after selling 364 shares during the period. Bruce G. Allen Investments LLC’s holdings in BP were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 worth $143,000 after buying an additional 377 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of BP by 3.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock worth $360,000 after acquiring an additional 415 shares during the period. Atlas Brown Inc. lifted its position in BP by 1.2% in the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock valued at $1,104,000 after purchasing an additional 437 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of BP by 3.4% during the second quarter. EverSource Wealth Advisors LLC now owns 15,087 shares of the oil and gas exploration company’s stock valued at $534,000 after buying an additional 498 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of BP by 2.0% during the second quarter. Rhumbline Advisers now owns 29,235 shares of the oil and gas exploration company’s stock worth $1,055,000 after buying an additional 571 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Trading Up 0.7 %

BP stock traded up $0.22 during midday trading on Friday, reaching $31.34. The stock had a trading volume of 9,890,609 shares, compared to its average volume of 10,018,618. The firm’s fifty day simple moving average is $29.44 and its two-hundred day simple moving average is $32.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The firm has a market cap of $83.74 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.13 and a beta of 0.64.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. BP had a return on equity of 12.91% and a net margin of 1.36%. The business had revenue of $47.25 billion for the quarter, compared to the consensus estimate of $52.05 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. BP’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities analysts anticipate that BP p.l.c. will post 3.55 EPS for the current fiscal year.

BP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were paid a $0.48 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.92 annualized dividend and a yield of 6.13%. BP’s dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on BP shares. Redburn Atlantic lowered BP from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a research report on Friday, October 11th. Piper Sandler lowered their price objective on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley cut 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. Finally, Scotiabank cut BP from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. Twelve analysts have rated the stock with a hold rating, four have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.89.

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.