Farther Finance Advisors LLC Has $321,000 Stock Position in BP p.l.c. (NYSE:BP)

Farther Finance Advisors LLC boosted its position in BP p.l.c. (NYSE:BP) by 97.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,851 shares of the oil and gas exploration company’s stock after acquiring an additional 5,351 shares during the quarter. Farther Finance Advisors LLC’s holdings in BP were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BP. Asset Planning Inc bought a new stake in shares of BP during the fourth quarter valued at approximately $40,000. Bank & Trust Co grew its position in BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares during the period. Versant Capital Management Inc increased its stake in BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 646 shares in the last quarter. Anchor Investment Management LLC raised its holdings in 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 buying an additional 1,154 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of BP by 1,867.9% during the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock valued at $236,000 after buying an additional 7,565 shares during the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

BP Stock Up 1.1 %

BP stock opened at $33.76 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $90.37 billion, a P/E ratio of 422.00, a P/E/G ratio of 1.12 and a beta of 0.58. The firm has a 50 day moving average price of $32.44 and a 200-day moving average price of $31.22. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40.

BP (NYSE:BP) last released its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. As a group, equities analysts predict that BP p.l.c. will post 3.53 EPS for the current year.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.48 per share. The ex-dividend date is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 5.69%. BP’s dividend payout ratio is presently 2,375.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BP shares. Raymond James upped their target price on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Piper Sandler lowered their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company lifted their target price on BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. DZ Bank lowered BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Finally, Wolfe Research set a $50.00 target price on shares of BP in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.26.

BP Company Profile

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.