62,576 Shares in BP p.l.c. $BP Bought by Brooklands Fund Management Ltd

Key Points

• Brooklands Fund Management initiated a BP position by purchasing 62,576 shares worth approximately $2.75 million in the third quarter. Other institutional investors also increased holdings, with institutions collectively owning 11.01% of BP.
• BP’s outlook is supported by higher oil prices, strong earnings expectations and a raised FY2026 EPS forecast of $8.16. However, projected upstream production is down 6.5% year over year, which could offset some commodity-price benefits.
• Analysts maintain a generally positive view, giving BP a “Moderate Buy” consensus rating and an average price target of $49.44. BP also increased its quarterly dividend to $0.5196 per share, representing an annualized yield of about 4.1%.

Brooklands Fund Management Ltd bought a new position in BP p.l.c. (NYSE:BP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 62,576 shares of the oil and gas exploration company's stock, valued at approximately $2,753,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC boosted its position in shares of BP by 4.3% in the 3rd quarter. Choreo LLC now owns 43,920 shares of the oil and gas exploration company's stock worth $1,932,000 after purchasing an additional 1,802 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC purchased a new position in BP during the third quarter valued at $221,000. Financial Network Wealth Advisors LLC raised its stake in BP by 100.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 991 shares of the oil and gas exploration company's stock valued at $44,000 after buying an additional 496 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in BP by 14.1% in the third quarter. D.A. Davidson & CO. now owns 110,111 shares of the oil and gas exploration company's stock worth $4,844,000 after acquiring an additional 13,595 shares in the last quarter. Finally, VestGen Advisors LLC boosted its holdings in BP by 2.2% in the third quarter. VestGen Advisors LLC now owns 26,939 shares of the oil and gas exploration company's stock worth $1,185,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company's stock.

Key Headlines Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Higher oil prices improve earnings outlook: Rising crude prices, partly driven by Middle East supply concerns, are creating a favorable backdrop for BP and other producers. Analysts expect BP to benefit from the price environment and potentially exceed third-quarter earnings estimates. Watch These 4 Energy Stocks for Q3 Earnings: Beat or Miss?
• Positive Sentiment: Q3 earnings expectations remain strong: BP is scheduled to report on October 30. Forecasts call for revenue of approximately $69.36 billion, up 40.8% year over year, while recent analysis highlights higher oil prices, valuation support and the potential for a sharp profit increase. BP Earnings Preview: Q3 2026
• Positive Sentiment: Analyst earnings estimate raised: Erste Group Bank increased its FY2026 EPS forecast for BP to $8.16 from $7.38, above the current consensus estimate of $8.08. The revision reinforces the improving profit outlook. BP analyst earnings estimate report
• Positive Sentiment: Exploration progress adds potential upside: BP reported hydrocarbon shows at a Brazil pre-salt well and has begun a second exploration phase at Venezuela’s Loran offshore gas field. Successful appraisal could support future reserves and production, though commercial viability is not yet established. BP detects hydrocarbon shows at Brazil pre-salt well
• Neutral Sentiment: Deepwater Horizon settlement removes uncertainty: BP agreed to pay Louisiana about $350 million to resolve remaining economic-damage claims. The settlement closes a long-running legal matter, but the cash cost may already be reflected in the stock’s recent gains. BP settles Louisiana claims following Deepwater Horizon
• Negative Sentiment: Production is expected to decline: Despite the revenue outlook, third-quarter upstream production is forecast at about 2.21 million barrels of oil equivalent per day, down 6.5% year over year. This could limit the benefit of higher commodity prices.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. DA Davidson set a $49.00 price target on BP in a report on Tuesday, October 20th. UBS Group cut shares of BP from a "buy" rating to a "hold" rating in a research note on Thursday, October 1st. Needham & Company LLC began coverage on shares of BP in a research report on Thursday, October 1st. They set a "hold" rating on the stock. Barclays reaffirmed an "overweight" rating on shares of BP in a report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of BP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.44.

BP Trading Up 1.1%

NYSE:BP opened at $50.31 on Friday. The company has a market cap of $131.81 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.45 and a beta of 0.20. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $45.86 and a two-hundred day simple moving average of $42.82. BP p.l.c. has a 12 month low of $33.22 and a 12 month high of $51.49.

BP (NYSE:BP - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.35. The firm had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. BP had a return on equity of 16.63% and a net margin of 2.49%. The company's revenue for the quarter was up 106.1% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Research analysts forecast that BP p.l.c. will post 8.17 earnings per share for the current year.

BP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were given a dividend of $0.5196 per share. This represents a $2.08 annualized dividend and a yield of 4.1%. This is a boost from BP's previous quarterly dividend of $0.4992. The ex-dividend date was Friday, August 14th. BP's dividend payout ratio (DPR) is presently 100.49%.

About BP

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.

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