Atlas Brown Inc. Has $1.10 Million Stock Position in BP p.l.c. (NYSE:BP)

Atlas Brown Inc. grew its stake in BP p.l.c. (NYSE:BP) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,338 shares of the oil and gas exploration company’s stock after purchasing an additional 437 shares during the period. Atlas Brown Inc.’s holdings in BP were worth $1,104,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ST Germain D J Co. Inc. lifted its position in BP by 77.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 8,073 shares of the oil and gas exploration company’s stock worth $239,000 after purchasing an additional 3,524 shares during the period. Bank & Trust Co boosted its position in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after acquiring an additional 1,700 shares in the last quarter. Versant Capital Management Inc raised its position in 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 worth $66,000 after purchasing an additional 646 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in BP by 58.7% during 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, TD Private Client Wealth LLC raised its holdings in shares of BP by 4.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 50,333 shares of the oil and gas exploration company’s stock worth $1,580,000 after buying an additional 2,187 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BP. BNP Paribas lowered BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. Wells Fargo & Company reduced their target price on BP from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Redburn Atlantic cut BP from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group upgraded BP to a “strong-buy” rating in a report on Friday, October 11th. Twelve equities research analysts have rated the stock with a hold rating, four have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.89.

BP Trading Up 0.7 %

Shares of BP stock traded up $0.22 during trading hours on Friday, hitting $31.34. The company’s stock had a trading volume of 9,890,609 shares, compared to its average volume of 10,018,618. BP p.l.c. has a 12 month low of $27.82 and a 12 month high of $40.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. The company has a market capitalization of $83.74 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. The stock has a 50 day moving average of $29.44 and a 200 day moving average of $32.03.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. The company had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 earnings per share. Analysts predict that BP p.l.c. will post 3.55 earnings per share for the current year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 8th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend was Friday, November 8th. BP’s dividend payout ratio is presently 200.00%.

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.