HighPoint Advisor Group LLC Has $3.16 Million Stock Position in BP p.l.c. (NYSE:BP)

HighPoint Advisor Group LLC decreased its stake in BP p.l.c. (NYSE:BP) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,071 shares of the oil and gas exploration company’s stock after selling 5,762 shares during the quarter. HighPoint Advisor Group LLC’s holdings in BP were worth $3,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Planning Inc bought a new position in BP during the 4th quarter worth approximately $40,000. Bank & Trust Co boosted its position 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 in the last quarter. Versant Capital Management Inc increased its position in shares of 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 valued at $66,000 after buying an additional 646 shares in the last quarter. Anchor Investment Management LLC raised its stake 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 buying an additional 1,154 shares during the period. Finally, Wellington Shields Capital Management LLC grew its stake in BP by 26.9% in 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. Institutional investors own 11.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BP. JPMorgan Chase & Co. raised BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. Raymond James upped their price target on shares of BP from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Morgan Stanley cut their price objective on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Securities reissued a “hold” rating and issued a $36.00 price target (down previously from $40.00) on shares of BP in a research note on Wednesday, March 19th. Finally, Piper Sandler decreased their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.48.

BP Trading Down 0.1 %

BP stock opened at $33.82 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a 50-day simple moving average of $33.02 and a 200 day simple moving average of $31.35. The stock has a market capitalization of $91.80 billion, a P/E ratio of 422.74, a PEG ratio of 1.12 and a beta of 0.58. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40.

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%. Analysts expect that BP p.l.c. will post 3.53 earnings per share for the current year.

BP Dividend Announcement

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

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.