AlphaMark Advisors LLC Trims Stake in BP p.l.c. (NYSE:BP)

AlphaMark Advisors LLC decreased its position in shares of BP p.l.c. (NYSE:BP) by 36.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,985 shares of the oil and gas exploration company’s stock after selling 1,150 shares during the quarter. AlphaMark Advisors LLC’s holdings in BP were worth $59,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BP. Strategic Investment Solutions Inc. IL acquired a new stake in BP in the 2nd quarter valued at $75,000. Bank & Trust Co lifted its holdings in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares in the last quarter. Versant Capital Management Inc grew its position in shares of BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 646 shares during the period. ORG Partners LLC increased its stake in shares of BP by 32.5% during the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock worth $80,000 after purchasing an additional 621 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in BP in the 3rd quarter valued at about $91,000. 11.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Raymond James increased their target price on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. Finally, BNP Paribas lowered shares of BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Eleven 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.76.

BP Stock Down 0.0 %

Shares of NYSE:BP opened at $31.48 on Monday. The company has a market capitalization of $84.95 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.64. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The business has a 50-day moving average price of $29.92 and a 200 day moving average price of $31.63. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

BP (NYSE:BP) last released 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 analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $47.25 billion for the quarter, compared to the consensus estimate of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The business’s revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. Sell-side analysts expect that BP p.l.c. will post 3.35 EPS for the current year.

BP Announces Dividend

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