Rosenberg Matthew Hamilton Has $285,000 Stock Holdings in BP p.l.c. (NYSE:BP)

Rosenberg Matthew Hamilton reduced its holdings in BP p.l.c. (NYSE:BP) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,625 shares of the oil and gas exploration company’s stock after selling 1,240 shares during the period. Rosenberg Matthew Hamilton’s holdings in BP were worth $285,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BP. Strategic Investment Solutions Inc. IL acquired a new stake in BP in the 2nd quarter worth $75,000. Bank & Trust Co increased its stake in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after acquiring an additional 1,700 shares during the period. Versant Capital Management Inc raised its holdings in BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 646 shares in the last quarter. ORG Partners LLC increased its position in shares of BP by 32.5% during the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after purchasing an additional 621 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of BP in the third quarter valued at $91,000. 11.01% of the stock is owned by institutional investors.

BP Stock Down 0.2 %

Shares of NYSE BP opened at $31.22 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The company has a market cap of $83.42 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The firm’s 50-day simple moving average is $29.52 and its 200 day simple moving average is $31.91.

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

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 8th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a yield of 6.15%. BP’s payout ratio is 200.00%.

Analyst Ratings Changes

Several brokerages have issued reports on BP. The Goldman Sachs Group raised shares of BP to a “strong-buy” rating in a report on Friday, October 11th. BNP Paribas cut shares of BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Redburn Atlantic lowered BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. 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, January 7th. Finally, Scotiabank lowered BP from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. Eleven research analysts have rated the stock with a hold rating, five have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, BP currently has an average rating of “Moderate Buy” and an average price target of $39.89.

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.