ST Germain D J Co. Inc. Has $143,000 Position in BP p.l.c. (NYSE:BP)

ST Germain D J Co. Inc. increased its position in shares of BP p.l.c. (NYSE:BP) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,549 shares of the oil and gas exploration company’s stock after acquiring an additional 377 shares during the period. ST Germain D J Co. Inc.’s holdings in BP were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in shares of BP by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 646,102 shares of the oil and gas exploration company’s stock valued at $20,281,000 after buying an additional 16,534 shares during the last quarter. Fiduciary Alliance LLC raised its position in BP by 11.3% during the third quarter. Fiduciary Alliance LLC now owns 18,683 shares of the oil and gas exploration company’s stock valued at $586,000 after acquiring an additional 1,900 shares in the last quarter. ORG Partners LLC grew its position in BP by 32.5% in the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock worth $80,000 after acquiring an additional 621 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of BP by 15.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 54,252 shares of the oil and gas exploration company’s stock worth $1,703,000 after purchasing an additional 7,444 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of BP by 46.1% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 62,920 shares of the oil and gas exploration company’s stock valued at $1,975,000 after purchasing an additional 19,857 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BP shares. Royal Bank of Canada cut BP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 7th. Argus upgraded BP to a “hold” rating in a report on Thursday, August 1st. UBS Group upgraded shares of BP to a “strong-buy” rating in a research note on Tuesday, July 30th. Scotiabank lowered shares of BP from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. Finally, Barclays raised BP to a “strong-buy” rating in a research report on Wednesday, July 31st. One equities 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.98.

BP Stock Performance

BP stock opened at $31.33 on Friday. BP p.l.c. has a 52-week low of $30.52 and a 52-week high of $40.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.95. The stock has a fifty day moving average price of $32.64 and a two-hundred day moving average price of $35.25. The firm has a market capitalization of $86.79 billion, a P/E ratio of 9.82, a P/E/G ratio of 4.25 and a beta of 0.64.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. The firm had revenue of $47.30 billion during the quarter, compared to the consensus estimate of $55.82 billion. BP had a net margin of 3.60% and a return on equity of 13.83%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. As a group, analysts anticipate that BP p.l.c. will post 3.76 EPS for the current fiscal year.

BP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 9th were given a $0.48 dividend. This is an increase from BP’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, August 9th. This represents a $1.92 annualized dividend and a yield of 6.13%. BP’s payout ratio is presently 59.56%.

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.