BP p.l.c. (NYSE:BP) Shares Acquired by Bank & Trust Co

Bank & Trust Co raised its position in BP p.l.c. (NYSE:BP) by 404.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,120 shares of the oil and gas exploration company’s stock after acquiring an additional 1,700 shares during the period. Bank & Trust Co’s holdings in BP were worth $63,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BP. Versant Capital Management Inc increased its holdings in BP by 41.0% in 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 in the last quarter. 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 worth $98,000 after acquiring an additional 1,154 shares during the period. TD Private Client Wealth LLC increased its stake in BP by 4.5% in the third quarter. TD Private Client Wealth LLC now owns 50,333 shares of the oil and gas exploration company’s stock valued at $1,580,000 after purchasing an additional 2,187 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of BP by 3.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock worth $10,795,000 after acquiring an additional 12,700 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of BP by 3.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock valued at $360,000 after purchasing an additional 415 shares during the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Stock Performance

Shares of NYSE:BP traded up $0.68 during trading on Tuesday, reaching $31.70. The stock had a trading volume of 4,236,041 shares, compared to its average volume of 7,560,217. The firm has a market capitalization of $84.70 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.13 and a beta of 0.64. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $29.32 and a two-hundred day simple moving average of $32.07.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. The business had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 EPS. As a group, analysts anticipate that BP p.l.c. will post 3.55 earnings per share for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 6.06%. BP’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BP shares. StockNews.com downgraded shares of BP from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Piper Sandler decreased their price target on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Redburn Atlantic cut shares of BP from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. Wells Fargo & Company cut their price objective on shares of BP from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Finally, BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Twelve analysts have rated the stock with a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.89.

BP Company 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.