Stock Yards Bank & Trust Co. Cuts Holdings in BP p.l.c. (NYSE:BP)

Stock Yards Bank & Trust Co. lowered its position in shares of BP p.l.c. (NYSE:BP - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,518 shares of the oil and gas exploration company's stock after selling 8,583 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in BP were worth $1,079,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BP. Independence Bank of Kentucky boosted its stake in shares of BP by 1,867.9% in the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company's stock valued at $236,000 after buying an additional 7,565 shares in the last quarter. Nilsine Partners LLC boosted its position in shares of BP by 24.2% during the 4th quarter. Nilsine Partners LLC now owns 22,147 shares of the oil and gas exploration company's stock worth $655,000 after purchasing an additional 4,321 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of 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 worth $1,577,000 after purchasing an additional 24,252 shares during the period. Integrated Investment Consultants LLC lifted its stake in shares of BP by 6.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 29,165 shares of the oil and gas exploration company's stock valued at $862,000 after purchasing an additional 1,860 shares during the period. Finally, Arkadios Wealth Advisors grew its position in BP by 3.0% during the fourth quarter. Arkadios Wealth Advisors now owns 47,003 shares of the oil and gas exploration company's stock worth $1,389,000 after buying an additional 1,387 shares during the period. Institutional investors and hedge funds own 11.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BP shares. Raymond James lifted their price target on shares of BP from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. StockNews.com downgraded BP from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price target on BP from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 15th. The Goldman Sachs Group raised shares of BP to a "strong-buy" rating in a research note on Friday, October 11th. Finally, Piper Sandler reduced their price target on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Twelve analysts have rated the stock with 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.76.

BP Trading Up 1.0 %

BP stock traded up $0.32 during trading on Friday, hitting $32.28. The company's stock had a trading volume of 10,041,079 shares, compared to its average volume of 10,934,252. The stock's fifty day moving average is $30.30 and its 200 day moving average is $31.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The stock has a market capitalization of $87.12 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 2.20 and a beta of 0.64.

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.