SVB Wealth LLC Buys Shares of 19,880 BP p.l.c. (NYSE:BP)

SVB Wealth LLC bought a new stake in BP p.l.c. (NYSE:BP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 19,880 shares of the oil and gas exploration company's stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BP. Asset Planning Inc acquired a new stake in BP during the 4th quarter worth approximately $40,000. Bank & Trust Co lifted its holdings in shares of 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 worth $63,000 after purchasing an additional 1,700 shares during the period. Versant Capital Management Inc grew its position 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 buying an additional 646 shares during the last quarter. Anchor Investment Management LLC raised its position in BP by 58.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company's stock worth $98,000 after buying an additional 1,154 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its stake in shares of BP by 1,867.9% in the 4th quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company's stock worth $236,000 after acquiring an additional 7,565 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Stock Up 1.2 %

Shares of NYSE BP traded up $0.38 during trading on Friday, reaching $32.09. 8,375,647 shares of the stock were exchanged, compared to its average volume of 12,066,498. The business's 50-day moving average price is $32.05 and its 200 day moving average price is $31.32. The company has a market capitalization of $85.92 billion, a price-to-earnings ratio of 401.21, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share 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%. As a group, equities analysts forecast that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 5.98%. BP's dividend payout ratio (DPR) is presently 2,375.00%.

Analysts Set New Price Targets

BP has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of BP from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. DZ Bank cut BP from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their target price on BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Morgan Stanley cut their price target on BP from $34.70 to $31.80 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of BP in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $38.26.

BP 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.