BP p.l.c. (NYSE:BP) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its stake in BP p.l.c. (NYSE:BPFree Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,384 shares of the oil and gas exploration company’s stock after selling 346 shares during the quarter. Eagle Asset Management Inc.’s holdings in BP were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC increased its stake in shares of BP by 15.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 500,704 shares of the oil and gas exploration company’s stock valued at $17,725,000 after purchasing an additional 65,425 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of BP by 13.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 487,648 shares of the oil and gas exploration company’s stock valued at $17,263,000 after purchasing an additional 59,379 shares in the last quarter. Ativo Capital Management LLC purchased a new position in shares of BP in the 4th quarter valued at about $1,174,000. Monograph Wealth Advisors LLC purchased a new position in shares of BP in the 3rd quarter valued at about $1,163,000. Finally, Janney Montgomery Scott LLC increased its stake in BP by 7.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 244,755 shares of the oil and gas exploration company’s stock worth $8,664,000 after buying an additional 16,422 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

BP has been the subject of several research reports. Erste Group Bank upgraded BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Raymond James boosted their price objective on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Scotiabank boosted their price objective on BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company boosted their price objective on BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, StockNews.com upgraded BP from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.88.

View Our Latest Analysis on BP

BP Price Performance

BP stock opened at $35.33 on Thursday. BP p.l.c. has a 1 year low of $33.52 and a 1 year high of $40.84. The firm has a market capitalization of $98.96 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.65. The business has a 50 day simple moving average of $38.06 and a 200-day simple moving average of $36.52. 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 (NYSE:BPGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). BP had a net margin of 4.51% and a return on equity of 13.49%. The business 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 company’s revenue was down 13.0% on a year-over-year basis. Equities research analysts anticipate that BP p.l.c. will post 4.79 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, May 16th. BP’s dividend payout ratio is presently 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.

See Also

Institutional Ownership by Quarter for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.