OLD Mission Capital LLC Sells 121,602 Shares of BP p.l.c. (NYSE:BP)

OLD Mission Capital LLC lessened its stake in shares of BP p.l.c. (NYSE:BP) by 39.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,994 shares of the oil and gas exploration company’s stock after selling 121,602 shares during the quarter. OLD Mission Capital LLC’s holdings in BP were worth $5,587,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BP. Asset Planning Inc acquired a new position in BP during the fourth quarter valued at approximately $40,000. Bank & Trust Co boosted its holdings in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 1,700 shares during the period. Versant Capital Management Inc raised its holdings 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 acquiring an additional 646 shares during the period. Anchor Investment Management LLC lifted its position in 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 acquiring an additional 1,154 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its holdings in BP by 26.9% during the fourth quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company’s stock valued at $223,000 after acquiring an additional 1,600 shares during the period. 11.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BP has been the subject of several research analyst reports. Piper Sandler cut their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. DZ Bank lowered BP from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. TD Cowen cut shares of BP from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company raised their price target on shares of BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.48.

BP Trading Down 0.1 %

BP stock opened at $33.82 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The firm has a market cap of $91.80 billion, a P/E ratio of 422.74, a P/E/G ratio of 1.12 and a beta of 0.58. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The business’s 50 day moving average is $33.02 and its 200-day moving average is $31.35.

BP (NYSE:BP) last issued its quarterly earnings data 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 net margin of 0.20% and a return on equity of 10.96%. Equities analysts anticipate that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Friday, February 21st. BP’s dividend payout ratio (DPR) is currently 2,375.00%.

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.