BP p.l.c. $BP Shares Sold by FSA Advisors Inc.

FSA Advisors Inc. cut its position in BP p.l.c. (NYSE:BP) by 6.5% in the second quarter, Holdings Channel reports. The firm owned 9,266 shares of the oil and gas exploration company’s stock after selling 648 shares during the period. FSA Advisors Inc.’s holdings in BP were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BP. Bank of New York Mellon Corp raised its position in BP by 486.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,787,644 shares of the oil and gas exploration company’s stock valued at $94,195,000 after purchasing an additional 2,312,687 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in BP by 30.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 444,530 shares of the oil and gas exploration company’s stock valued at $15,020,000 after acquiring an additional 103,100 shares during the last quarter. Meritage Portfolio Management grew its position in BP by 54.7% in the 1st quarter. Meritage Portfolio Management now owns 163,147 shares of the oil and gas exploration company’s stock valued at $5,513,000 after buying an additional 57,719 shares during the last quarter. Wedge Capital Management L L P NC grew its position in BP by 4.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 465,269 shares of the oil and gas exploration company’s stock valued at $13,926,000 after buying an additional 19,279 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in BP by 119.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 33,148 shares of the oil and gas exploration company’s stock valued at $992,000 after buying an additional 18,057 shares during the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Stock Performance

NYSE:BP opened at $34.45 on Wednesday. The firm has a market cap of $90.60 billion, a PE ratio of 164.05, a P/E/G ratio of 1.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.21 and a quick ratio of 0.92. BP p.l.c. has a 1-year low of $25.22 and a 1-year high of $35.88. The firm has a 50 day simple moving average of $34.37 and a 200-day simple moving average of $31.90.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas exploration company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.22. The business had revenue of $46.63 billion during the quarter, compared to the consensus estimate of $42.88 billion. BP had a return on equity of 9.08% and a net margin of 0.29%.The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, equities analysts expect that BP p.l.c. will post 3.53 EPS for the current year.

BP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 15th were given a $0.4942 dividend. This is a boost from BP’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, August 15th. BP’s dividend payout ratio is 942.86%.

Analyst Upgrades and Downgrades

BP has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of BP in a research report on Friday, October 17th. They issued an “equal weight” rating and a $37.00 price objective for the company. Berenberg Bank upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 7th. Melius initiated coverage on shares of BP in a research report on Wednesday, August 20th. They set a “buy” rating and a $66.00 target price on the stock. DZ Bank upgraded BP from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler boosted their target price on BP from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Hold” and a consensus target price of $42.41.

BP 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.