BP p.l.c. (NYSE:BP) Stock Holdings Lowered by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its holdings in shares of BP p.l.c. (NYSE:BP) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,423 shares of the oil and gas exploration company’s stock after selling 4,004 shares during the period. EverSource Wealth Advisors LLC’s holdings in BP were worth $279,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BP. SVB Wealth LLC acquired a new position in shares of BP in the 4th quarter worth $588,000. Bank of New York Mellon Corp raised its holdings in BP by 30.1% during the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company’s stock worth $14,040,000 after buying an additional 110,019 shares during the period. Avior Wealth Management LLC lifted its stake in BP by 83.3% during the fourth quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock valued at $1,577,000 after buying an additional 24,252 shares in the last quarter. Altrius Capital Management Inc increased its position in shares of BP by 16.6% in the fourth quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company’s stock worth $8,056,000 after acquiring an additional 38,751 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock valued at $19,526,000 after acquiring an additional 14,436 shares during the period. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BP. Royal Bank of Canada reissued a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Raymond James upped 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. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upgraded shares of BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.26.

BP Stock Up 3.3 %

BP opened at $33.42 on Friday. The firm has a market cap of $89.48 billion, a P/E ratio of 417.85, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The business has a 50 day moving average price of $32.39 and a 200 day moving average price of $31.24. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40.

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

BP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.74%. BP’s payout ratio is 2,375.00%.

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.