BP p.l.c. (NYSE:BP) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC trimmed its position in BP p.l.c. (NYSE:BP) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,910 shares of the oil and gas exploration company’s stock after selling 386 shares during the quarter. Rothschild Investment LLC’s holdings in BP were worth $2,096,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BP. Butensky & Cohen Financial Security Inc. increased its position in shares of BP by 0.3% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company’s stock worth $3,820,000 after purchasing an additional 358 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of BP by 3.8% during the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock valued at $360,000 after acquiring an additional 415 shares during the last quarter. Atlas Brown Inc. lifted its holdings in shares of BP by 1.2% in the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock worth $1,104,000 after acquiring an additional 437 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after purchasing an additional 646 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in BP by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company’s stock valued at $444,000 after purchasing an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

BP has been the subject of several research analyst reports. Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Wolfe Research set a $50.00 price objective on shares of BP in a research note on Tuesday, January 14th. Wells Fargo & Company upped their target price on shares of BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.76.

BP Stock Down 0.5 %

BP stock opened at $33.73 on Tuesday. The company’s 50 day moving average is $31.47 and its two-hundred day moving average is $31.37. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock has a market cap of $90.29 billion, a P/E ratio of 421.62, a PEG ratio of 1.12 and a beta of 0.64.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. Research analysts expect that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Friday, February 21st. BP’s payout ratio is currently 2,375.30%.

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.