BP p.l.c. (NYSE:BP) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC cut its stake in shares of BP p.l.c. (NYSE:BP) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 70,910 shares of the oil and gas exploration company’s stock after selling 386 shares during the quarter. Rothschild Investment LLC’s holdings in BP were worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BP. Asset Planning Inc acquired a new stake in shares of BP in the fourth quarter valued at about $40,000. Bank & Trust Co boosted its stake in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after acquiring an additional 1,700 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 worth $66,000 after acquiring an additional 646 shares during the period. Anchor Investment Management LLC raised its holdings in BP by 58.7% during the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position in BP by 1,867.9% during the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after purchasing an additional 7,565 shares in the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

BP Stock Down 0.5 %

Shares of NYSE BP opened at $33.73 on Tuesday. The stock has a fifty day moving average price of $31.47 and a 200 day moving average price of $31.37. The company has a market cap of $90.29 billion, a P/E ratio of 421.62, a P/E/G ratio of 1.12 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 company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. Research analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend is Friday, February 21st. BP’s payout ratio is 2,375.30%.

Wall Street Analyst Weigh In

BP has been the subject of several research reports. Piper Sandler cut their price target on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Raymond James lifted their price objective on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wolfe Research set a $50.00 price target on shares of BP in a research note on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Finally, DZ Bank cut BP from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BP currently has an average rating of “Moderate Buy” and a consensus target price 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.