BP p.l.c. (NYSE:BP) Shares Sold by OLD Mission Capital LLC

OLD Mission Capital LLC lowered its position in BP p.l.c. (NYSE:BP - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,994 shares of the oil and gas exploration company's stock after selling 121,602 shares during the quarter. OLD Mission Capital LLC's holdings in BP were worth $5,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $14,040,000 after buying an additional 110,019 shares in the last quarter. SVB Wealth LLC purchased a new stake in BP in the 4th quarter worth approximately $588,000. ARK & TLK Investments LLC acquired a new position in BP in the 4th quarter valued at $434,000. Avior Wealth Management LLC lifted its stake in shares of BP by 83.3% during the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company's stock worth $1,577,000 after purchasing an additional 24,252 shares during the period. Finally, Altrius Capital Management Inc grew its position in shares of BP by 16.6% in 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 purchasing an additional 38,751 shares during the period. Hedge funds and other institutional investors own 11.01% of the company's stock.

BP Stock Down 9.4 %

BP stock traded down $2.96 during midday trading on Friday, hitting $28.39. 23,078,558 shares of the company's stock were exchanged, compared to its average volume of 9,551,781. The stock has a market capitalization of $77.06 billion, a price-to-earnings ratio of 354.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.41. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $33.05 and a 200-day moving average price of $31.35. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. On average, analysts anticipate that BP p.l.c. will post 3.53 EPS for the current year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.48 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.76%. BP's dividend payout ratio (DPR) is 2,375.00%.

Wall Street Analysts Forecast Growth

BP has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of BP from $34.70 to $31.80 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. StockNews.com cut BP from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company upped their price target on BP from $30.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised BP from an "underweight" rating to a "neutral" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of BP in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $37.48.

BP 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.