11,801 Shares in BP p.l.c. (NYSE:BP) Bought by Davidson Trust Co.

Davidson Trust Co. acquired a new stake in shares of BP p.l.c. (NYSE:BP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,801 shares of the oil and gas exploration company's stock, valued at approximately $399,000.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of BP by 5,751.4% during the first quarter. GAMMA Investing LLC now owns 207,606 shares of the oil and gas exploration company's stock valued at $7,015,000 after purchasing an additional 204,058 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of BP by 30.1% during the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock worth $14,040,000 after buying an additional 110,019 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BP by 217.4% in the fourth quarter. Geode Capital Management LLC now owns 107,282 shares of the oil and gas exploration company's stock valued at $3,171,000 after acquiring an additional 73,478 shares in the last quarter. Meritage Portfolio Management lifted its holdings in BP by 54.7% during the first quarter. Meritage Portfolio Management now owns 163,147 shares of the oil and gas exploration company's stock worth $5,513,000 after acquiring an additional 57,719 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in BP by 333.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 68,980 shares of the oil and gas exploration company's stock worth $2,332,000 after purchasing an additional 53,054 shares during the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BP has been the topic of a number of research analyst reports. UBS Group downgraded shares of BP from a "buy" rating to a "neutral" rating in a report on Thursday, April 10th. TD Securities reissued 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. Wells Fargo & Company lifted their price target on shares of BP from $27.00 to $32.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Piper Sandler reduced their price objective on BP from $35.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, TD Cowen lowered BP from a "buy" rating to a "hold" rating and set a $40.00 target price on the stock. in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $34.72.

BP Price Performance

Shares of NYSE:BP opened at $30.90 on Friday. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $37.39. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The stock has a market cap of $83.04 billion, a P/E ratio of -67.17, a P/E/G ratio of 2.00 and a beta of 0.54. The company has a 50 day moving average of $29.71 and a 200 day moving average of $30.74.

BP (NYSE:BP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.03). The business had revenue of $46.91 billion for the quarter, compared to the consensus estimate of $40.12 billion. BP had a negative net margin of 0.62% and a positive return on equity of 9.51%. BP's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. As a group, sell-side analysts forecast that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Friday, May 16th. BP's dividend payout ratio (DPR) is currently -413.04%.

BP Company 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.

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