TD Private Client Wealth LLC Acquires 2,187 Shares of BP p.l.c. (NYSE:BP)

TD Private Client Wealth LLC increased its holdings in BP p.l.c. (NYSE:BP) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 50,333 shares of the oil and gas exploration company’s stock after buying an additional 2,187 shares during the quarter. TD Private Client Wealth LLC’s holdings in BP were worth $1,580,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its holdings in BP by 3.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock worth $10,795,000 after buying an additional 12,700 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in BP by 3.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock worth $360,000 after buying an additional 415 shares in the last quarter. IHT Wealth Management LLC boosted its position in BP by 4.8% in the third quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company’s stock worth $444,000 after purchasing an additional 652 shares during the last quarter. Captrust Financial Advisors boosted its position in BP by 1.2% in the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock worth $13,842,000 after purchasing an additional 5,150 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in BP in the third quarter worth about $5,089,000. 11.01% of the stock is currently owned by institutional investors.

BP Stock Down 0.6 %

Shares of BP opened at $30.16 on Friday. The business’s 50 day moving average is $30.20 and its 200 day moving average is $32.93. The company has a market capitalization of $81.04 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.64. BP p.l.c. has a 12-month low of $27.82 and a 12-month high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

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

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 8th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Friday, November 8th. BP’s payout ratio is 200.00%.

Analyst Ratings Changes

Several brokerages have issued reports on BP. StockNews.com raised BP from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group raised BP to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on BP from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday. BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Finally, Scotiabank cut BP from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.48.

About BP

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.