Stock Yards Bank & Trust Co. Sells 647 Shares of BP p.l.c. (NYSE:BP)

Stock Yards Bank & Trust Co. trimmed its holdings in BP p.l.c. (NYSE:BP) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,350 shares of the oil and gas exploration company’s stock after selling 647 shares during the period. Stock Yards Bank & Trust Co.’s holdings in BP were worth $1,428,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BP. Hexagon Capital Partners LLC boosted its stake in BP by 5.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 7,083 shares of the oil and gas exploration company’s stock valued at $274,000 after purchasing an additional 345 shares during the period. Confluence Wealth Services Inc. grew its stake in shares of BP by 5.6% in the third quarter. Confluence Wealth Services Inc. now owns 10,962 shares of the oil and gas exploration company’s stock valued at $424,000 after acquiring an additional 577 shares in the last quarter. Altrius Capital Management Inc boosted its holdings in 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. Creative Financial Designs Inc. ADV increased its stake in BP by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 39,053 shares of the oil and gas exploration company’s stock worth $1,382,000 after acquiring an additional 806 shares during the period. Finally, 1ST Source Bank grew its holdings in shares of BP by 3.1% during the 3rd quarter. 1ST Source Bank now owns 30,519 shares of the oil and gas exploration company’s stock worth $1,182,000 after purchasing an additional 915 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

BP Trading Up 1.0 %

BP stock opened at $39.29 on Wednesday. BP p.l.c. has a one year low of $33.52 and a one year high of $40.84. The business’s fifty day moving average is $37.29 and its 200 day moving average is $36.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94. The stock has a market capitalization of $110.65 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68.

BP (NYSE:BP) last announced its quarterly 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. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm had revenue of $52.14 billion during the quarter, compared to analyst estimates of $53.14 billion. During the same period in the previous year, the business posted $1.59 earnings per share. The business’s revenue for the quarter was down 24.7% on a year-over-year basis. On average, sell-side analysts predict that BP p.l.c. will post 4.94 EPS for the current year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were given a $0.4362 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.74 annualized dividend and a yield of 4.44%. BP’s payout ratio is 33.79%.

Wall Street Analysts Forecast Growth

BP has been the topic of a number of analyst reports. Piper Sandler increased their price objective on shares of BP from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.60 to $42.30 in a research report on Monday, March 4th. Erste Group Bank raised shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Scotiabank upped their price target on BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, TD Securities boosted their price objective on shares of BP from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.72.

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.