Creative Financial Designs Inc. ADV Has $389,000 Holdings in BP p.l.c. (NYSE:BP)

Creative Financial Designs Inc. ADV lifted its stake in shares of BP p.l.c. (NYSE:BP) by 427.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,167 shares of the oil and gas exploration company’s stock after purchasing an additional 10,671 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in BP were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BP. Quantbot Technologies LP acquired a new stake in BP in the third quarter valued at $5,089,000. Bank of New York Mellon Corp increased its holdings in BP by 30.1% in the fourth quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company’s stock valued at $14,040,000 after purchasing an additional 110,019 shares during the period. Altrius Capital Management Inc increased its holdings in 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. Integrated Investment Consultants LLC acquired a new stake in BP in the third quarter valued at $857,000. Finally, Avior Wealth Management LLC increased its holdings in BP by 83.3% in the fourth quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock valued at $1,577,000 after purchasing an additional 24,252 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Price Performance

Shares of NYSE BP opened at $34.21 on Wednesday. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The stock has a market cap of $91.59 billion, a price-to-earnings ratio of 427.70, a PEG ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The firm’s 50-day simple moving average is $32.49 and its 200 day simple moving average is $31.22.

BP (NYSE:BP) last announced its quarterly earnings results 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 net margin of 0.20% and a return on equity of 10.96%. As a group, research analysts anticipate that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.61%. BP’s dividend payout ratio (DPR) is 2,375.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler decreased their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, BP has an average rating of “Hold” and an average price target of $38.26.

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.