BP p.l.c. (NYSE:BP) Position Lessened by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in BP p.l.c. (NYSE:BP) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,101 shares of the oil and gas exploration company’s stock after selling 594 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in BP were worth $1,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BP. Quantbot Technologies LP bought a new stake in shares of BP in the 3rd quarter valued at approximately $5,089,000. Rothschild Investment LLC acquired a new position in shares of BP during the 2nd quarter worth $2,620,000. SG Americas Securities LLC raised its holdings in shares of BP by 860.7% during the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after purchasing an additional 59,546 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in BP in the third quarter worth $857,000. Finally, Sanibel Captiva Trust Company Inc. increased its position in BP by 147.9% during the second quarter. Sanibel Captiva Trust Company Inc. now owns 43,063 shares of the oil and gas exploration company’s stock worth $1,555,000 after buying an additional 25,690 shares during the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Stock Down 0.6 %

Shares of BP opened at $30.16 on Friday. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The firm has a market capitalization of $81.04 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.01 and a beta of 0.64. The company has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $32.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $47.25 billion during the quarter, compared to the consensus estimate of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The company’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. On average, equities research analysts expect that BP p.l.c. will post 3.57 earnings per share for the current year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 8th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 6.37%. The ex-dividend date is Friday, November 8th. BP’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BP shares. Scotiabank downgraded BP from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. StockNews.com raised BP from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. BNP Paribas lowered shares of BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Redburn Atlantic lowered shares of BP from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company cut their target price on shares of BP from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday. Eleven research analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.48.

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.