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

OLD Mission Capital LLC grew its stake in shares of BP p.l.c. (NYSE:BP) by 145.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 656,293 shares of the oil and gas exploration company’s stock after purchasing an additional 388,931 shares during the quarter. OLD Mission Capital LLC’s holdings in BP were worth $23,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First United Bank & Trust acquired a new position in shares of BP in the fourth quarter worth about $33,000. Versant Capital Management Inc acquired a new position in shares of BP in the fourth quarter worth about $35,000. Guardian Wealth Management Inc. lifted its stake in shares of BP by 576.0% in the fourth quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company’s stock worth $40,000 after acquiring an additional 962 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of BP in the fourth quarter worth about $46,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of BP by 200.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock worth $56,000 after acquiring an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BP. StockNews.com cut BP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Piper Sandler upped their price objective on BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Erste Group Bank restated a “hold” rating on shares of BP in a research note on Friday. Scotiabank upped their price objective on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Raymond James upped their price objective on BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.88.

BP Stock Down 0.9 %

NYSE:BP opened at $34.89 on Friday. The firm has a market capitalization of $97.20 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.65. The stock has a 50 day moving average of $37.66 and a 200-day moving average of $36.50. BP p.l.c. has a 52 week low of $33.52 and a 52 week high of $40.84. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.

BP (NYSE:BP) last posted its earnings results on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.06). The company had revenue of $48.88 billion for the quarter, compared to the consensus estimate of $53.65 billion. BP had a net margin of 4.51% and a return on equity of 13.49%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. Analysts predict that BP p.l.c. will post 4.8 EPS for the current year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Thursday, May 16th. BP’s dividend payout ratio (DPR) is 53.92%.

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.