Anchor Investment Management LLC Has $143,000 Stock Holdings in BP p.l.c. (NYSE:BP)

Anchor Investment Management LLC increased its position in shares of BP p.l.c. (NYSE:BP) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,841 shares of the oil and gas exploration company’s stock after buying an additional 1,721 shares during the period. Anchor Investment Management LLC’s holdings in BP were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BP. Asset Planning Inc bought a new stake in BP during the fourth quarter valued at about $40,000. Bank & Trust Co grew its holdings in BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,700 shares during the last quarter. Versant Capital Management Inc increased its position in BP by 41.0% in 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 buying an additional 646 shares during the period. Wellington Shields Capital Management LLC lifted its holdings in shares of BP by 26.9% during the fourth quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company’s stock worth $223,000 after buying an additional 1,600 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of BP by 1,867.9% in the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after acquiring an additional 7,565 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BP shares. TD Securities reissued a “hold” rating and issued a $36.00 price target (down from $40.00) on shares of BP in a report on Wednesday, March 19th. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price target on BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Royal Bank of Canada reissued a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Finally, Raymond James lifted their price target on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.73.

BP Stock Performance

Shares of NYSE:BP opened at $27.64 on Thursday. The business has a fifty day moving average of $32.15 and a 200-day moving average of $31.00. The firm has a market cap of $75.04 billion, a PE ratio of 345.54, a price-to-earnings-growth ratio of 1.12 and a beta of 0.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. BP p.l.c. has a twelve month low of $25.22 and a twelve month high of $39.73.

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

BP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.92 annualized dividend and a dividend yield of 6.95%. BP’s dividend payout ratio (DPR) is currently 2,375.00%.

About BP

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.