Avior Wealth Management LLC Buys 24,252 Shares of BP p.l.c. (NYSE:BP)

Avior Wealth Management LLC boosted its stake in shares of BP p.l.c. (NYSE:BP) by 83.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 53,360 shares of the oil and gas exploration company’s stock after acquiring an additional 24,252 shares during the period. Avior Wealth Management LLC’s holdings in BP were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in BP in the second quarter valued at about $75,000. Bank & Trust Co raised its position 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 in the last quarter. Versant Capital Management Inc boosted its position in shares of BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after acquiring an additional 646 shares in the last quarter. ORG Partners LLC increased its stake in BP by 32.5% in the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after acquiring an additional 621 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in BP during the third quarter valued at approximately $91,000. 11.01% of the stock is currently owned by institutional investors.

BP Stock Up 1.1 %

Shares of NYSE:BP opened at $31.49 on Friday. The business has a fifty day simple moving average of $29.82 and a 200 day simple moving average of $31.68. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The firm has a market cap of $84.98 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.23 and a beta of 0.64. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. Analysts predict that BP p.l.c. will post 3.35 earnings per share for the current year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 8th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date was Friday, November 8th. BP’s dividend payout ratio is presently 200.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BP. Piper Sandler decreased their price target on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Morgan Stanley dropped their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of BP from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.76.

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.