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

AlphaMark Advisors LLC lowered its stake in shares of BP p.l.c. (NYSE:BP) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,985 shares of the oil and gas exploration company’s stock after selling 1,150 shares during the quarter. AlphaMark Advisors LLC’s holdings in BP were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BP. Quantbot Technologies LP acquired a new stake in BP in the 3rd quarter valued at about $5,089,000. SG Americas Securities LLC raised its holdings in BP by 860.7% in the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after acquiring an additional 59,546 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in BP in the third quarter worth approximately $857,000. Avior Wealth Management LLC increased its position in shares of BP by 83.3% in the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock valued at $1,577,000 after purchasing an additional 24,252 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of BP by 5.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock valued at $14,282,000 after purchasing an additional 23,325 shares in the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

BP Stock Down 0.0 %

BP stock opened at $31.48 on Monday. The stock has a 50 day moving average of $29.92 and a two-hundred day moving average of $31.63. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The stock has a market capitalization of $84.95 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.64. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

BP (NYSE:BP) last posted its quarterly earnings data 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. The firm had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. BP’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. As a group, research analysts expect that BP p.l.c. will post 3.35 earnings per share for the current year.

BP Announces Dividend

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 was Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a yield of 6.10%. BP’s payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Raymond James raised their target price on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. 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 report on Wednesday, October 9th. Finally, Morgan Stanley dropped their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.76.

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.