Vima LLC Invests $337,000 in BP p.l.c. (NYSE:BP)

Vima LLC acquired a new position in shares of BP p.l.c. (NYSE:BPFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,525 shares of the oil and gas exploration company’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BP. PSquared Asset Management AG acquired a new position in shares of BP during the 4th quarter worth approximately $50,315,000. OLD Mission Capital LLC increased its holdings in shares of BP by 145.5% during the 4th quarter. OLD Mission Capital LLC now owns 656,293 shares of the oil and gas exploration company’s stock worth $23,233,000 after acquiring an additional 388,931 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in BP by 15.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 500,704 shares of the oil and gas exploration company’s stock valued at $17,725,000 after buying an additional 65,425 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in BP by 13.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 487,648 shares of the oil and gas exploration company’s stock valued at $17,263,000 after buying an additional 59,379 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in BP by 2.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 467,250 shares of the oil and gas exploration company’s stock valued at $18,092,000 after buying an additional 11,000 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

BP has been the subject of several recent analyst reports. Raymond James upped their price objective on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Piper Sandler increased their price target on BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Erste Group Bank reissued a “hold” rating on shares of BP in a research note on Friday. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and increased their price target for the company from $38.60 to $42.30 in a research note on Monday, March 4th. Finally, Scotiabank increased their price target on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.88.

Get Our Latest Analysis on BP

BP Stock Down 0.9 %

Shares of BP stock traded down $0.30 during trading hours on Friday, reaching $34.89. The company had a trading volume of 7,014,343 shares, compared to its average volume of 7,014,345. BP p.l.c. has a 12 month low of $33.52 and a 12 month high of $40.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 0.94. The business has a fifty day simple moving average of $37.66 and a 200-day simple moving average of $36.50. The company has a market cap of $97.20 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.82 and a beta of 0.65.

BP (NYSE:BPGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). BP had a return on equity of 13.49% and a net margin of 4.51%. The business had revenue of $48.88 billion for the quarter, compared to the consensus estimate of $53.65 billion. During the same quarter last year, the business posted $1.66 earnings per share. The business’s revenue was down 13.0% compared to the same quarter last year. On average, research analysts expect that BP p.l.c. will post 4.8 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Thursday, May 16th. BP’s dividend payout ratio is currently 53.92%.

BP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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