BP p.l.c. (NYSE:BP) Stock Position Trimmed by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lessened its holdings in shares of BP p.l.c. (NYSE:BP) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,625 shares of the oil and gas exploration company’s stock after selling 1,240 shares during the period. Rosenberg Matthew Hamilton’s holdings in BP were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altrius Capital Management Inc grew its stake in shares of BP by 9.9% in the third quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after purchasing an additional 20,976 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in BP during the 3rd quarter valued at about $857,000. Kornitzer Capital Management Inc. KS lifted its stake in shares of BP by 5.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after acquiring an additional 23,325 shares during the period. SG Americas Securities LLC increased its stake in shares of BP by 860.7% during the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after acquiring an additional 59,546 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in BP by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 646,102 shares of the oil and gas exploration company’s stock worth $20,281,000 after purchasing an additional 16,534 shares during the period. 11.01% of the stock is owned by institutional investors.

BP Trading Down 0.2 %

NYSE:BP opened at $31.22 on Tuesday. The stock’s 50-day moving average is $29.52 and its two-hundred day moving average is $31.91. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The stock has a market cap of $83.42 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94.

BP (NYSE:BP) last issued its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. The company had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. As a group, equities research analysts forecast that BP p.l.c. will post 3.55 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 8th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Friday, November 8th. BP’s dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com raised BP from a “hold” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a research report on Friday, October 11th. BNP Paribas lowered shares of BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Redburn Atlantic lowered BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.89.

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.