BP p.l.c. (NYSE:BP) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lessened its stake in shares of BP p.l.c. (NYSE:BP) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 125,813 shares of the oil and gas exploration company’s stock after selling 9,360 shares during the period. Neville Rodie & Shaw Inc.’s holdings in BP were worth $3,719,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after purchasing an additional 646 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of BP during the 2nd quarter valued at $75,000. ORG Partners LLC boosted its stake in shares of BP by 32.5% during the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after buying an additional 621 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of BP during the 3rd quarter valued at $91,000. Finally, Anchor Investment Management LLC increased its holdings in shares of BP by 58.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BP. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. Piper Sandler decreased their price objective on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group raised shares of BP to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Redburn Atlantic cut shares of BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. Twelve analysts have rated the stock with a hold rating, four have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, BP presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.10.

BP Trading Up 2.1 %

BP traded up $0.65 during mid-day trading on Monday, hitting $31.12. The stock had a trading volume of 4,843,418 shares, compared to its average volume of 6,071,360. The stock’s fifty day simple moving average is $29.32 and its 200-day simple moving average is $32.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The firm has a market capitalization of $83.15 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64.

BP (NYSE:BP) last released its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $47.25 billion during the quarter, compared to the consensus estimate of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. As a group, research analysts forecast that BP p.l.c. will post 3.55 EPS for the current fiscal year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Friday, November 8th. BP’s payout ratio is presently 200.00%.

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.