14,843 Shares of BP p.l.c. $BP Acquired by Range Financial Group LLC

Range Financial Group LLC acquired a new position in shares of BP p.l.c. (NYSE:BP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,843 shares of the oil and gas exploration company’s stock, valued at approximately $653,000.

Several other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in BP by 290.2% during the second quarter. Van ECK Associates Corp now owns 2,049,151 shares of the oil and gas exploration company’s stock worth $75,716,000 after acquiring an additional 1,524,048 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in BP by 48.8% in the second quarter. Alyeska Investment Group L.P. now owns 2,830,923 shares of the oil and gas exploration company’s stock valued at $104,603,000 after purchasing an additional 928,617 shares in the last quarter. Kahn Brothers Group Inc. acquired a new position in shares of BP during the 2nd quarter worth approximately $23,094,000. Public Employees Retirement System of Ohio acquired a new position in shares of BP during the 1st quarter worth approximately $28,136,000. Finally, Readystate Asset Management LP raised its stake in shares of BP by 322.4% during the 2nd quarter. Readystate Asset Management LP now owns 619,670 shares of the oil and gas exploration company’s stock worth $22,897,000 after purchasing an additional 472,974 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

BP Trading Down 0.1%

Shares of BP stock opened at $49.40 on Wednesday. BP p.l.c. has a 12-month low of $33.01 and a 12-month high of $50.27. The company has a market capitalization of $129.41 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.46 and a beta of 0.20. The firm has a 50 day moving average price of $44.89 and a two-hundred day moving average price of $43.64. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP) last posted its earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. BP had a return on equity of 16.63% and a net margin of 2.49%. The firm’s revenue for the quarter was up 106.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, analysts predict that BP p.l.c. will post 7.81 earnings per share for the current year.

BP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were paid a $0.5196 dividend. This is a boost from BP’s previous quarterly dividend of $0.4992. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 4.2%. BP’s dividend payout ratio is presently 100.49%.

Analysts Set New Price Targets

BP has been the subject of several recent analyst reports. BTIG Research downgraded BP to a “neutral” rating in a report on Thursday, October 1st. Oppenheimer assumed coverage on shares of BP in a report on Thursday, October 1st. They set an “outperform” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of BP in a research report on Friday, September 4th. DA Davidson set a $49.00 price target on shares of BP in a research note on Tuesday. Finally, Wells Fargo & Company raised shares of BP from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $57.00 in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.44.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP subsidiary BP Exploration & Production signed a memorandum of understanding with TechnipFMC to cooperate on 20,000-psi subsea production systems for BP’s Paleogene projects in the Gulf of America. The agreement could support future deepwater project execution and technology development, although it is not yet a firm revenue contract. TechnipFMC and bp Sign MoU for Supply of 20K Subsea Production Systems
• Positive Sentiment: BP’s updated third-quarter 2026 guidance provides more clarity on its operating mix, with reported upstream production expected at 2.19 million to 2.24 million barrels of oil equivalent per day. The revised outlook supports the near-term production story, particularly for oil operations. Updated Output Guidance Change The Bull Case For BP Stock
• Neutral Sentiment: Zacks commentary continues to highlight BP as attractive for value and momentum investors, including a “Strong Buy” ranking. These articles may support sentiment but are largely rating-based rather than new fundamental catalysts. Zacks Strong Buy Commentary
• Negative Sentiment: New reporting on a study finding a dramatic decline in Gulf of Mexico marine life years after BP’s oil spill renews environmental and reputational concerns. The coverage could revive investor worries about litigation, regulatory scrutiny, and potential long-term liabilities. Marine Life Decline After BP Oil Spill

BP Company Profile

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.