NBC Securities Inc. Has $587,000 Stock Position in BP p.l.c. (NYSE:BP)

NBC Securities Inc. lifted its stake in BP p.l.c. (NYSE:BP - Free Report) by 144,758.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,383 shares of the oil and gas exploration company's stock after acquiring an additional 17,371 shares during the quarter. NBC Securities Inc.'s holdings in BP were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in BP by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company's stock valued at $27,810,000 after acquiring an additional 38,759 shares during the period. Bank of New York Mellon Corp boosted its holdings in BP by 30.1% during the fourth quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock valued at $14,040,000 after acquiring an additional 110,019 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in BP by 2.3% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company's stock valued at $13,753,000 after acquiring an additional 10,262 shares during the period. Altrius Capital Management Inc boosted its holdings in BP by 16.6% during the fourth quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock valued at $8,056,000 after acquiring an additional 38,751 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 204,058 shares during the period. 11.01% of the stock is owned by institutional investors and hedge funds.

BP Trading Up 0.8%

Shares of BP stock traded up $0.23 on Friday, hitting $29.28. The stock had a trading volume of 6,988,332 shares, compared to its average volume of 9,781,239. The company has a fifty day moving average price of $28.74 and a two-hundred day moving average price of $30.59. The firm has a market cap of $79.49 billion, a P/E ratio of 366.05, a PEG ratio of 1.12 and a beta of 0.54. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. BP p.l.c. has a twelve month low of $25.22 and a twelve month high of $37.39.

BP (NYSE:BP - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). The firm had revenue of $46.91 billion for the quarter, compared to the consensus estimate of $40.12 billion. BP had a return on equity of 10.96% and a net margin of 0.20%. BP's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, analysts forecast that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.92 annualized dividend and a yield of 6.56%. BP's dividend payout ratio (DPR) is presently -413.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of BP from an "underweight" rating to a "neutral" rating in a research note on Thursday, February 20th. UBS Group cut shares of BP from a "buy" rating to a "neutral" rating in a research note on Thursday, April 10th. Piper Sandler reduced their target price on shares of BP from $35.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, DZ Bank cut shares of BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.