Sumitomo Mitsui Trust Holdings Inc. Has $4.28 Million Stock Position in BP p.l.c. (NYSE:BP)

Sumitomo Mitsui Trust Holdings Inc. increased its position in BP p.l.c. (NYSE:BP) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,779 shares of the oil and gas exploration company’s stock after purchasing an additional 4,615 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in BP were worth $4,276,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in BP in the 4th quarter valued at about $35,000. Harbor Investment Advisory LLC raised its holdings in BP by 200.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock valued at $56,000 after acquiring an additional 1,060 shares during the period. Anchor Investment Management LLC bought a new position in BP in the 4th quarter valued at about $70,000. First Command Advisory Services Inc. acquired a new position in shares of BP during the 3rd quarter worth approximately $75,000. Finally, BKM Wealth Management LLC acquired a new position in shares of BP during the 4th quarter worth approximately $123,000. 11.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on BP shares. Erste Group Bank upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Piper Sandler increased their target price on shares of BP from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank increased their target price on shares of BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. TD Securities increased their price target on shares of BP from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Raymond James increased their price target on shares of BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.72.

BP Price Performance

Shares of NYSE:BP opened at $39.29 on Wednesday. The company has a market cap of $110.65 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.95 and a beta of 0.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $37.29 and a 200 day simple moving average of $36.50. BP p.l.c. has a one year low of $33.52 and a one year high of $40.84.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.96 by $0.11. The business had revenue of $52.14 billion during the quarter, compared to the consensus estimate of $53.14 billion. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm’s revenue was down 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. Research analysts predict that BP p.l.c. will post 4.94 earnings per share for the current fiscal year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were paid a dividend of $0.4362 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Thursday, February 15th. BP’s payout ratio is currently 33.79%.

BP 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.