Integrated Investment Consultants LLC Purchases 1,860 Shares of BP p.l.c. (NYSE:BP)

Integrated Investment Consultants LLC grew its position in BP p.l.c. (NYSE:BP) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,165 shares of the oil and gas exploration company’s stock after purchasing an additional 1,860 shares during the period. Integrated Investment Consultants LLC’s holdings in BP were worth $862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Butensky & Cohen Financial Security Inc. boosted its position in BP by 0.3% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company’s stock valued at $3,820,000 after purchasing an additional 358 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of BP by 9.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 4,549 shares of the oil and gas exploration company’s stock valued at $143,000 after buying an additional 377 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of BP by 3.8% in the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock valued at $360,000 after buying an additional 415 shares in the last quarter. Atlas Brown Inc. increased its holdings in BP by 1.2% during the fourth quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock worth $1,104,000 after buying an additional 437 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in BP by 3.4% in the second quarter. EverSource Wealth Advisors LLC now owns 15,087 shares of the oil and gas exploration company’s stock valued at $534,000 after acquiring an additional 498 shares during the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Redburn Atlantic cut BP from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. Scotiabank downgraded shares of BP from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. BNP Paribas downgraded BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a report on Tuesday. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.76.

BP Stock Down 0.3 %

Shares of NYSE BP opened at $31.70 on Friday. The business has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $31.87. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The company has a market cap of $84.70 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.20 and a beta of 0.64. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $47.25 billion for 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 firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. Research analysts anticipate that BP p.l.c. will post 3.45 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 8th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 6.06%. The ex-dividend date was Friday, November 8th. BP’s dividend payout ratio (DPR) is currently 200.00%.

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.