ST Germain D J Co. Inc. Cuts Holdings in BP p.l.c. (NYSE:BP)

ST Germain D J Co. Inc. lowered its stake in shares of BP p.l.c. (NYSE:BPFree Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,232 shares of the oil and gas exploration company’s stock after selling 711 shares during the period. ST Germain D J Co. Inc.’s holdings in BP were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. HighPoint Advisor Group LLC purchased a new stake in shares of BP during the fourth quarter worth about $2,006,000. Vima LLC purchased a new stake in shares of BP during the fourth quarter worth about $337,000. OLD Mission Capital LLC boosted its position in BP by 145.5% during the fourth quarter. OLD Mission Capital LLC now owns 656,293 shares of the oil and gas exploration company’s stock worth $23,233,000 after acquiring an additional 388,931 shares during the last quarter. Guardian Wealth Management Inc. boosted its position in BP by 576.0% during 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 during the last quarter. Finally, LM Advisors LLC acquired a new position in BP during the fourth quarter worth about $403,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BP shares. Erste Group Bank restated a “hold” rating on shares of BP in a research report on Friday. StockNews.com lowered shares of BP from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 12th. Wells Fargo & Company boosted their price target on shares of BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.60 to $42.30 in a report on Monday, March 4th. Finally, Piper Sandler boosted their target price on shares of BP from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.88.

Check Out Our Latest Analysis on BP

BP Trading Up 0.8 %

Shares of BP stock traded up $0.29 during trading hours on Tuesday, hitting $35.40. The company had a trading volume of 6,021,806 shares, compared to its average volume of 9,049,815. The company’s fifty day moving average is $37.59 and its 200 day moving average is $36.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 0.94. BP p.l.c. has a fifty-two week low of $33.52 and a fifty-two week high of $40.84. The stock has a market capitalization of $98.61 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.82 and a beta of 0.65.

BP (NYSE:BPGet Free Report) last issued its quarterly earnings data 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). BP had a return on equity of 13.49% and a net margin of 4.51%. The company had revenue of $48.88 billion during the quarter, compared to analyst estimates of $53.65 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s revenue was down 13.0% compared to the same quarter last year. Research analysts expect that BP p.l.c. will post 4.8 earnings per share for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.4362 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.74 annualized dividend and a dividend yield of 4.93%. BP’s dividend payout ratio is currently 53.92%.

About BP

(Free Report)

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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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