BP p.l.c. (NYSE:BP) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in BP p.l.c. (NYSE:BP - Free Report) by 333.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,980 shares of the oil and gas exploration company's stock after purchasing an additional 53,054 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in BP were worth $2,332,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Sunbelt Securities Inc. grew its holdings in BP by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 11,839 shares of the oil and gas exploration company's stock worth $344,000 after acquiring an additional 380 shares during the period. Parallel Advisors LLC grew its stake in shares of BP by 1.3% during the 1st quarter. Parallel Advisors LLC now owns 31,943 shares of the oil and gas exploration company's stock worth $1,079,000 after purchasing an additional 397 shares during the period. NBT Bank N A NY grew its stake in shares of BP by 4.9% during the 1st quarter. NBT Bank N A NY now owns 8,558 shares of the oil and gas exploration company's stock worth $289,000 after purchasing an additional 399 shares during the period. Bank & Trust Co grew its position in BP by 24.9% during the first quarter. Bank & Trust Co now owns 2,648 shares of the oil and gas exploration company's stock worth $89,000 after buying an additional 528 shares during the period. Finally, Horizon Investments LLC grew its position in BP by 3.3% during the fourth quarter. Horizon Investments LLC now owns 19,753 shares of the oil and gas exploration company's stock worth $584,000 after buying an additional 640 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Trading Up 0.4%

BP stock traded up $0.12 during midday trading on Friday, reaching $31.26. 13,787,627 shares of the company's stock traded hands, compared to its average volume of 9,901,273. The company has a market capitalization of $83.99 billion, a P/E ratio of -67.94, a PEG ratio of 2.03 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.22 and a quick ratio of 0.92. BP p.l.c. has a fifty-two week low of $25.22 and a fifty-two week high of $37.39. The business has a 50-day moving average price of $29.29 and a two-hundred day moving average price of $30.70.

BP (NYSE:BP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share 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 analyst estimates of $40.12 billion. BP had a negative net margin of 0.62% and a positive return on equity of 9.51%. The business's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. Equities research analysts forecast that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, May 16th. BP's payout ratio is -413.04%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BP. Jefferies Financial Group set a $29.00 price target on BP and gave the stock a "hold" rating in a report on Monday, May 19th. Morgan Stanley lowered BP from an "equal weight" rating to an "underweight" rating and set a $26.50 target price on the stock. in a report on Monday, May 12th. Piper Sandler lowered their target price on BP from $35.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. TD Securities reissued a "hold" rating and issued a $36.00 price objective (down from $40.00) on shares of BP in a research note on Wednesday, March 19th. Finally, UBS Group cut shares of BP from a "buy" rating to a "neutral" rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, BP presently has an average rating of "Hold" and a consensus target price of $35.28.

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.