BP p.l.c. (NYSE:BP) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. reduced its position in shares of BP p.l.c. (NYSE:BP) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,109 shares of the oil and gas exploration company’s stock after selling 20,811 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in BP were worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BP. Quantbot Technologies LP purchased a new position in shares of BP in the third quarter valued at $5,089,000. SG Americas Securities LLC boosted its stake in BP by 860.7% during the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after acquiring an additional 59,546 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in BP during the 3rd quarter valued at $857,000. Kornitzer Capital Management Inc. KS boosted its stake in BP by 5.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock valued at $14,282,000 after acquiring an additional 23,325 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its stake in BP by 9.9% during the 3rd quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock valued at $7,338,000 after acquiring an additional 20,976 shares during the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on BP shares. Wells Fargo & Company reduced their price objective on shares of BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Raymond James increased their price objective on shares of BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday. Redburn Atlantic downgraded shares of BP from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. Scotiabank downgraded shares of BP from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Finally, BNP Paribas downgraded shares of BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, BP has an average rating of “Moderate Buy” and a consensus price target of $38.76.

BP Stock Down 0.3 %

BP stock opened at $31.70 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The firm’s 50-day simple moving average is $29.65 and its 200 day simple moving average is $31.84. The stock has a market cap of $84.70 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.20 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 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $47.25 billion for the quarter, compared to analysts’ expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. BP’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. As a group, sell-side analysts predict that BP p.l.c. will post 3.45 EPS for the current year.

BP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, November 8th. This represents a $1.92 annualized dividend and a yield of 6.06%. BP’s payout ratio is 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.