BP p.l.c. (NYSE:BP) Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC lowered its position in shares of BP p.l.c. (NYSE:BP) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,853 shares of the oil and gas exploration company’s stock after selling 735 shares during the quarter. Cromwell Holdings LLC’s holdings in BP were worth $143,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Asset Planning Inc purchased a new stake in shares of BP in the fourth quarter valued at approximately $40,000. Bank & Trust Co grew its position in shares of BP by 404.8% in the fourth 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 in the last quarter. Versant Capital Management Inc grew its position in shares of BP by 41.0% in the fourth 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 grew its position in shares of BP by 58.7% in the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Independence Bank of Kentucky grew its position in shares of BP by 1,867.9% in 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 purchasing an additional 7,565 shares in the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Morgan Stanley lowered their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James increased their price objective on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, DZ Bank lowered BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, BP currently has a consensus rating of “Moderate Buy” and an average price target of $39.64.

BP Stock Up 0.4 %

Shares of NYSE BP opened at $34.69 on Friday. The stock has a market cap of $92.86 billion, a P/E ratio of 433.62, a PEG ratio of 1.14 and a beta of 0.64. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The business’s fifty day simple moving average is $31.29 and its 200-day simple moving average is $31.38.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share 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%. As a group, equities analysts predict that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Friday, February 21st. BP’s payout ratio is 2,375.30%.

BP 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.