BP p.l.c. (NYSE:BP) Holdings Lifted by Altrius Capital Management Inc

Altrius Capital Management Inc increased its position in BP p.l.c. (NYSE:BP) by 16.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 272,527 shares of the oil and gas exploration company’s stock after purchasing an additional 38,751 shares during the period. BP accounts for 2.2% of Altrius Capital Management Inc’s investment portfolio, making the stock its 4th largest holding. Altrius Capital Management Inc’s holdings in BP were worth $8,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BP. Asset Planning Inc purchased a new position in shares of BP during the fourth quarter valued at $40,000. Bank & Trust Co lifted its holdings in shares of BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,700 shares during the period. Versant Capital Management Inc grew its position in BP by 41.0% during the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after buying an additional 646 shares during the period. Anchor Investment Management LLC grew its stake in BP by 58.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after acquiring an additional 1,154 shares during the period. Finally, Independence Bank of Kentucky increased its stake in BP by 1,867.9% during the 4th quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after buying an additional 7,565 shares in the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Trading Up 1.4 %

Shares of NYSE BP opened at $33.13 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. The company has a market cap of $88.68 billion, a price-to-earnings ratio of 414.11, a P/E/G ratio of 1.12 and a beta of 0.64. BP p.l.c. has a 12 month low of $27.82 and a 12 month high of $40.40. The business has a fifty day simple moving average of $31.73 and a 200-day simple moving average of $31.39.

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

BP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 5.80%. The ex-dividend date is Friday, February 21st. BP’s dividend payout ratio (DPR) is presently 2,375.00%.

Analysts Set New Price Targets

BP has been the topic of several analyst reports. Raymond James lifted their price target on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company raised their price objective 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. Piper Sandler cut their price target on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Morgan Stanley lowered their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research set a $50.00 target price on shares of BP in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.76.

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.