Delta Capital Management LLC Has $2.15 Million Stock Holdings in BP p.l.c. $BP

Delta Capital Management LLC reduced its holdings in BP p.l.c. (NYSE:BP) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,760 shares of the oil and gas exploration company’s stock after selling 10,960 shares during the quarter. Delta Capital Management LLC’s holdings in BP were worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BP. Strategic Advocates LLC acquired a new stake in shares of BP in the 3rd quarter valued at about $25,000. Heartwood Wealth Advisors LLC acquired a new position in BP during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in BP in the second quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in BP in the third quarter valued at approximately $43,000. Finally, Ameriflex Group Inc. increased its holdings in shares of BP by 100.0% during the third quarter. Ameriflex Group Inc. now owns 1,300 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 650 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BP has been the subject of a number of analyst reports. Scotiabank set a $41.00 price objective on shares of BP in a report on Friday, January 16th. BNP Paribas Exane cut shares of BP from an “outperform” rating to a “hold” rating and set a $38.50 price target on the stock. in a research report on Thursday, February 12th. Piper Sandler lifted their price target on BP from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Melius Research downgraded BP from a “buy” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Wednesday, February 11th. Finally, Argus raised BP to a “hold” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.18.

BP Stock Up 1.3%

BP stock opened at $47.31 on Tuesday. BP p.l.c. has a fifty-two week low of $25.22 and a fifty-two week high of $47.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 1.26. The firm’s 50-day simple moving average is $39.92 and its 200 day simple moving average is $36.73. The stock has a market cap of $124.04 billion, a PE ratio of -4,726.07, a price-to-earnings-growth ratio of 1.31 and a beta of 0.31.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $47.38 billion for the quarter, compared to analysts’ expectations of $42.19 billion. BP had a net margin of 0.03% and a return on equity of 9.68%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Research analysts predict that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, February 20th were issued a dividend of $0.4992 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, February 20th. BP’s dividend payout ratio (DPR) is -19,800.00%.

BP Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.