GSA Capital Partners LLP Takes Position in BP p.l.c. $BP

GSA Capital Partners LLP bought a new stake in BP p.l.c. (NYSE:BP) in the 2nd quarter, Holdings Channel reports. The firm bought 12,881 shares of the oil and gas exploration company’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BP. Financial Life Planners bought a new stake in BP in the 1st quarter valued at $39,000. Triumph Capital Management acquired a new stake in BP during the 3rd quarter worth approximately $43,000. LRI Investments LLC boosted its stake in BP by 76.2% in the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 552 shares during the period. WFA of San Diego LLC bought a new position in BP during the 2nd quarter worth $46,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of BP by 39.1% during the fourth quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 508 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on BP shares. TD Cowen increased their target price on shares of BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Wells Fargo & Company cut their price target on BP from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings raised BP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Mizuho set a $53.00 target price on shares of BP in a report on Wednesday, August 5th. Finally, Piper Sandler raised their target price on BP from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.36.

BP Price Performance

Shares of NYSE BP opened at $44.76 on Friday. BP p.l.c. has a twelve month low of $32.72 and a twelve month high of $48.27. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $41.13 and a 200 day simple moving average of $42.37. The company has a market capitalization of $117.24 billion, a PE ratio of 21.83, a P/E/G ratio of 0.62 and a beta of 0.16.

BP (NYSE:BP) last issued its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.35. The firm had revenue of $69.11 billion for the quarter, compared to analyst estimates of $57.89 billion. BP had a return on equity of 16.63% and a net margin of 2.49%.The company’s revenue was up 106.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that BP p.l.c. will post 6.04 EPS for the current year.

BP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be paid a $0.5196 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. This is a boost from BP’s previous quarterly dividend of $0.50. BP’s dividend payout ratio (DPR) is 100.49%.

BP Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.