Yousif Capital Management LLC Grows Stake in BP p.l.c. (NYSE:BP)

Yousif Capital Management LLC grew its holdings in BP p.l.c. (NYSE:BP) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,088 shares of the oil and gas exploration company’s stock after acquiring an additional 2,400 shares during the period. Yousif Capital Management LLC’s holdings in BP were worth $1,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BP. Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in BP in the 3rd quarter worth approximately $200,000. Lindbrook Capital LLC lifted its stake in shares of BP by 5.1% in the 3rd quarter. Lindbrook Capital LLC now owns 23,581 shares of the oil and gas exploration company’s stock valued at $913,000 after purchasing an additional 1,153 shares during the period. TIAA Trust National Association purchased a new position in shares of BP in the 3rd quarter valued at approximately $1,122,000. Altrius Capital Management Inc lifted its stake in shares of BP by 0.4% in the 3rd quarter. Altrius Capital Management Inc now owns 184,220 shares of the oil and gas exploration company’s stock valued at $7,133,000 after purchasing an additional 695 shares during the period. Finally, Confluence Wealth Services Inc. lifted its stake in shares of BP by 5.6% in the 3rd quarter. Confluence Wealth Services Inc. now owns 10,962 shares of the oil and gas exploration company’s stock valued at $424,000 after purchasing an additional 577 shares during the period. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BP. TD Securities raised their target price on BP from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James raised their target price on BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and raised their price objective for the company from $38.60 to $42.30 in a research report on Monday, March 4th. Scotiabank raised their price objective on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler raised their price objective on BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.72.

BP Stock Down 1.4 %

BP stock opened at $38.23 on Thursday. The firm has a market cap of $107.65 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 2.71 and a beta of 0.68. The stock has a fifty day simple moving average of $37.72 and a two-hundred day simple moving average of $36.52. BP p.l.c. has a 12 month low of $33.52 and a 12 month high of $40.84. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. The business had revenue of $52.14 billion during the quarter, compared to analyst estimates of $53.14 billion. BP had a return on equity of 16.00% and a net margin of 7.15%. The company’s quarterly revenue was down 24.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Equities analysts predict that BP p.l.c. will post 5.02 EPS for the current fiscal year.

BP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were issued a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Thursday, February 15th. BP’s payout ratio is 33.79%.

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.