Winch Advisory Services LLC Boosts Position in BP p.l.c. (NYSE:BP)

Winch Advisory Services LLC lifted its position in shares of BP p.l.c. (NYSE:BP) by 18.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,772 shares of the oil and gas exploration company’s stock after acquiring an additional 2,011 shares during the period. Winch Advisory Services LLC’s holdings in BP were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BP. Bank & Trust Co grew its holdings in BP by 404.8% during 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 last quarter. Versant Capital Management Inc lifted its position in shares of 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 acquiring an additional 646 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in BP during the 2nd quarter worth about $75,000. ORG Partners LLC lifted its holdings in BP by 32.5% in the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after purchasing an additional 621 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of BP during the third quarter valued at approximately $91,000. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BP has been the subject of several analyst reports. BNP Paribas downgraded BP from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 9th. Scotiabank lowered BP from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Piper Sandler lowered their target price on shares of BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Redburn Atlantic lowered shares of BP from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, BP presently has an average rating of “Moderate Buy” and a consensus target price of $39.76.

BP Stock Up 0.7 %

BP stock opened at $31.31 on Thursday. The firm has a fifty day moving average price of $29.54 and a two-hundred day moving average price of $31.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The firm has a market cap of $83.66 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.13 and a beta of 0.64.

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

BP Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 6.13%. BP’s dividend payout ratio (DPR) is presently 200.00%.

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.