87,795 BP p.l.c. $BP Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its BP stake by 348.7% in the third quarter, acquiring 87,795 additional shares for a total holding of 112,975 shares valued at approximately $4.97 million.
• BP reported quarterly EPS of $3.26, exceeding the $2.66 analyst consensus, while revenue rose 41.8% year over year to $68.4 billion. The company also reduced net debt by $8.4 billion to $13.9 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $49.44; BP also declared a quarterly dividend of $0.5196 per share, representing an annualized yield of about 4.1%.

International Assets Investment Management LLC boosted its holdings in shares of BP p.l.c. (NYSE:BP - Free Report) by 348.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,975 shares of the oil and gas exploration company's stock after acquiring an additional 87,795 shares during the period. International Assets Investment Management LLC's holdings in BP were worth $4,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Curry Webb Wealth Management LLC bought a new position in shares of BP during the 3rd quarter valued at about $33,000. Security National Bank of Sioux City Iowa IA acquired a new position in shares of BP in the 2nd quarter valued at approximately $36,000. Financial Network Wealth Advisors LLC increased its stake in BP by 100.2% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 991 shares of the oil and gas exploration company's stock worth $44,000 after purchasing an additional 496 shares in the last quarter. Sawyer & Company Inc acquired a new stake in BP during the 3rd quarter worth approximately $49,000. Finally, Gill Capital Partners LLC raised its holdings in BP by 53.2% during the 2nd quarter. Gill Capital Partners LLC now owns 1,376 shares of the oil and gas exploration company's stock worth $51,000 after buying an additional 478 shares during the period. 11.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BP has been the subject of several research analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of BP in a report on Friday, September 4th. Oppenheimer initiated coverage on shares of BP in a report on Thursday, October 1st. They set an "outperform" rating on the stock. Wall Street Zen raised shares of BP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 18th. UBS Group lowered shares of BP from a "buy" rating to a "hold" rating in a research note on Thursday, October 1st. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of BP in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $49.44.

Key Headlines Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Major earnings beat: BP reported third-quarter underlying replacement-cost profit of approximately $8.5 billion, nearly four times the year-ago result of $2.21 billion. Reported EPS was $3.26 versus the $2.66 consensus, while revenue rose 41.8% year over year to $68.4 billion, exceeding estimates. BP third-quarter profit nearly quadruples
• Positive Sentiment: Refining and trading benefited from geopolitics: The Iran/Middle East conflict disrupted regional oil and refined-product supplies, lifting crude prices and refining margins. BP’s unaffected refineries and trading operations benefited from tighter global markets. BP net profit quadruples as Mideast war lifts oil prices
• Positive Sentiment: Balance-sheet improvement: BP reduced net debt by $8.4 billion to $13.9 billion, reportedly ahead of schedule. Lower leverage could improve financial flexibility and support shareholder returns ahead of the company’s December strategy update. BP slashes net debt as earnings soar
• Neutral Sentiment: No breakup discussions: CEO Meg O’Neill denied that BP has held discussions about splitting up the group. The comments reduce immediate speculation about a breakup-driven catalyst, while the broader portfolio and strategy remain in focus before December’s update. BP CEO denies breakup discussions
• Negative Sentiment: Quality and sustainability concerns remain: The earnings windfall is heavily exposed to temporary war-related oil prices and refining margins. BP also faced an approximately $4 billion charge tied to underperforming or failed green investments, highlighting execution risks in its energy-transition strategy. BP profits hit 18-year high despite net zero loss

BP Trading Up 0.3%

NYSE:BP opened at $50.52 on Monday. The company has a market cap of $132.35 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.45 and a beta of 0.16. BP p.l.c. has a twelve month low of $33.22 and a twelve month high of $51.49. The business has a 50 day moving average price of $45.96 and a two-hundred day moving average price of $42.90. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP - Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The oil and gas exploration company reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.60. The company had revenue of $68.40 billion for the quarter, compared to the consensus estimate of $63.14 billion. BP had a net margin of 3.74% and a return on equity of 24.97%. The firm's revenue was up 41.8% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, analysts expect that BP p.l.c. will post 8.17 EPS for the current fiscal year.

BP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 13th will be given a dividend of $0.5196 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 annualized dividend and a yield of 4.1%. BP's dividend payout ratio is 100.49%.

BP Company Profile

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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