BP p.l.c. (NYSE:BP) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in BP p.l.c. (NYSE:BP) by 18.5% in the 4th quarter, HoldingsChannel reports. The fund owned 7,571 shares of the oil and gas exploration company’s stock after selling 1,724 shares during the quarter. Great Lakes Advisors LLC’s holdings in BP were worth $224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in BP by 97.3% during the 4th quarter. Farther Finance Advisors LLC now owns 10,851 shares of the oil and gas exploration company’s stock worth $321,000 after acquiring an additional 5,351 shares in the last quarter. United Community Bank lifted its position in shares of BP by 11.5% during the fourth quarter. United Community Bank now owns 9,232 shares of the oil and gas exploration company’s stock worth $273,000 after purchasing an additional 950 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of BP by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 93,615 shares of the oil and gas exploration company’s stock valued at $2,767,000 after purchasing an additional 20,491 shares during the period. SVB Wealth LLC purchased a new stake in BP during the 4th quarter worth approximately $588,000. Finally, Altrius Capital Management Inc lifted its holdings in BP by 16.6% during the 4th quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company’s stock worth $8,056,000 after buying an additional 38,751 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BP shares. JPMorgan Chase & Co. upgraded shares of BP from an “underweight” rating to a “neutral” rating in a research note on Thursday, February 20th. Raymond James upped their price target on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Piper Sandler decreased their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. DZ Bank lowered shares of BP from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Hold” and a consensus price target of $38.26.

BP Stock Up 3.3 %

BP opened at $33.42 on Monday. BP p.l.c. has a one year low of $27.82 and a one year high of $40.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a market capitalization of $89.48 billion, a P/E ratio of 417.85, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The business’s 50-day simple moving average is $32.39 and its 200-day simple moving average is $31.22.

BP (NYSE:BP) last issued its quarterly earnings data 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 net margin of 0.20% and a return on equity of 10.96%. Analysts anticipate that BP p.l.c. will post 3.53 EPS for the current year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 5.74%. 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.