Ameriprise Financial Inc. grew its position in BP p.l.c. (NYSE:BP - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 940,786 shares of the oil and gas exploration company's stock after purchasing an additional 38,759 shares during the period. Ameriprise Financial Inc.'s holdings in BP were worth $27,810,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of BP by 30.1% during the fourth quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock valued at $14,040,000 after acquiring an additional 110,019 shares during the period. SVB Wealth LLC acquired a new position in BP during the 4th quarter valued at about $588,000. ARK & TLK Investments LLC acquired a new position in BP during the 4th quarter valued at about $434,000. Avior Wealth Management LLC lifted its position in BP by 83.3% during 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 period. Finally, Altrius Capital Management Inc lifted its position 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 valued at $8,056,000 after purchasing an additional 38,751 shares during the period. Institutional investors and hedge funds own 11.01% of the company's stock.
BP Stock Down 1.2%
Shares of NYSE BP traded down $0.36 during trading hours on Friday, hitting $29.76. The company had a trading volume of 6,922,733 shares, compared to its average volume of 9,796,166. The stock has a market capitalization of $80.78 billion, a P/E ratio of 371.98, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. 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 p.l.c. has a 1-year low of $25.22 and a 1-year high of $37.60. The firm's 50 day moving average is $30.16 and its 200-day moving average is $30.58.
BP (NYSE:BP - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). BP had a net margin of 0.20% and a return on equity of 10.96%. The business had revenue of $46.91 billion during the quarter, compared to the consensus estimate of $40.12 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business's revenue was down 4.0% on a year-over-year basis. On average, analysts expect that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.
BP Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, May 16th. BP's dividend payout ratio is presently -413.04%.
Analyst Ratings Changes
A number of research analysts have issued reports on BP shares. JPMorgan Chase & Co. upgraded shares of BP from an "underweight" rating to a "neutral" rating in a research report on Thursday, February 20th. Morgan Stanley downgraded shares of BP from an "equal weight" rating to an "underweight" rating and set a $26.50 target price on the stock. in a research report on Monday, May 12th. TD Securities restated a "hold" rating and set a $36.00 target price (down from $40.00) on shares of BP in a research report on Wednesday, March 19th. TD Cowen downgraded BP from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a research report on Wednesday, March 19th. Finally, UBS Group downgraded BP from a "buy" rating to a "neutral" rating in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.06.
View Our Latest Analysis on BP
About BP
(
Free Report)
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.
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