Valeo Financial Advisors LLC Has $1.16 Million Position in BP p.l.c. (NYSE:BP)

Valeo Financial Advisors LLC reduced its stake in shares of BP p.l.c. (NYSE:BP) by 27.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,245 shares of the oil and gas exploration company’s stock after selling 15,007 shares during the quarter. Valeo Financial Advisors LLC’s holdings in BP were worth $1,160,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in shares of BP during the fourth quarter worth $40,000. Bank & Trust Co grew its holdings in shares of BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 1,700 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of BP by 41.0% during the fourth 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 last quarter. Anchor Investment Management LLC grew its holdings in shares of BP by 58.7% during the third 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 last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of BP by 9.0% during the third quarter. ST Germain D J Co. Inc. now owns 4,549 shares of the oil and gas exploration company’s stock worth $143,000 after purchasing an additional 377 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Raymond James raised their price target on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 17th. DZ Bank cut BP from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price target on BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Piper Sandler decreased their price target on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, BP currently has an average rating of “Moderate Buy” and an average target price of $39.64.

BP Price Performance

Shares of BP opened at $35.01 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. BP p.l.c. has a 1 year low of $27.82 and a 1 year high of $40.40. The stock has a market cap of $93.72 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.64. The stock’s 50-day moving average price is $30.92 and its two-hundred day moving average price is $31.38.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). BP had a return on equity of 12.91% and a net margin of 1.36%. On average, equities analysts predict that BP p.l.c. will post 3.35 earnings per share for the current year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Friday, February 21st. BP’s dividend payout ratio is currently 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.