Euro Pacific Asset Management LLC Has $11.11 Million Stake in BP p.l.c. (NYSE:BP)

Euro Pacific Asset Management LLC lessened its stake in shares of BP p.l.c. (NYSE:BP) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,154 shares of the oil and gas exploration company’s stock after selling 5,735 shares during the period. BP accounts for about 2.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 18th biggest position. Euro Pacific Asset Management LLC’s holdings in BP were worth $11,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its position in BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock valued at $19,526,000 after purchasing an additional 14,436 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of BP by 5.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after buying an additional 23,325 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of BP by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock worth $13,842,000 after buying an additional 5,150 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in BP by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock valued at $10,795,000 after acquiring an additional 12,700 shares during the last quarter. Finally, Altrius Capital Management Inc raised its stake in BP by 9.9% during the third quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after acquiring an additional 20,976 shares in the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BP has been the subject of a number of research analyst reports. 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. StockNews.com upgraded BP from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group upgraded BP to a “strong-buy” rating in a research report on Friday, October 11th. Morgan Stanley cut their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Scotiabank downgraded shares of BP from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.76.

BP Stock Performance

BP stock opened at $31.48 on Friday. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $29.87 and a 200-day moving average price of $31.68. The firm has a market cap of $84.95 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.64.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm 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 company’s revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 earnings per share. As a group, equities research analysts expect that BP p.l.c. will post 3.35 earnings per share for the current 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 was Friday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 6.10%. BP’s dividend payout ratio is currently 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.