BP p.l.c. $BP Shares Bought by Vestor Capital LLC

Vestor Capital LLC increased its stake in BP p.l.c. (NYSE:BP) by 2,705.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,983 shares of the oil and gas exploration company’s stock after purchasing an additional 55,916 shares during the quarter. Vestor Capital LLC’s holdings in BP were worth $1,735,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of BP by 4.2% in the second quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock valued at $1,172,000 after acquiring an additional 1,588 shares in the last quarter. Alteri Wealth LLC bought a new position in BP during the 2nd quarter valued at $237,000. Rothschild Investment LLC increased its position in shares of BP by 6.7% during the 2nd quarter. Rothschild Investment LLC now owns 77,974 shares of the oil and gas exploration company’s stock valued at $2,334,000 after purchasing an additional 4,887 shares during the period. Nvwm LLC bought a new stake in shares of BP in the 2nd quarter worth $87,000. Finally, TIAA Trust National Association boosted its stake in BP by 3.1% during the second quarter. TIAA Trust National Association now owns 20,657 shares of the oil and gas exploration company’s stock valued at $618,000 after buying an additional 627 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Raymond James Financial lowered their price objective on shares of BP from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Jefferies Financial Group reissued a “hold” rating on shares of BP in a research note on Thursday, October 16th. Santander upgraded shares of BP to an “outperform” rating in a research report on Monday, November 3rd. Finally, Wells Fargo & Company increased their price objective on BP from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BP presently has an average rating of “Moderate Buy” and an average price target of $43.14.

BP Trading Up 0.8%

NYSE BP opened at $35.99 on Friday. The firm’s 50 day moving average price is $34.89 and its two-hundred day moving average price is $32.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.21. BP p.l.c. has a twelve month low of $25.22 and a twelve month high of $37.64. The stock has a market cap of $94.65 billion, a price-to-earnings ratio of 171.39, a PEG ratio of 1.98 and a beta of 0.50.

BP (NYSE:BP) last issued its earnings results on Tuesday, November 4th. The oil and gas exploration company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.72 by $0.13. The business had revenue of $48.42 billion during the quarter, compared to analysts’ expectations of $43.76 billion. BP had a return on equity of 9.08% and a net margin of 0.29%.BP’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Equities analysts anticipate that BP p.l.c. will post 3.53 EPS for the current year.

BP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 14th will be given a $0.4992 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from BP’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, November 14th. BP’s payout ratio is currently 339.66%.

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.