36,552 Shares in BP p.l.c. $BP Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,552 shares of the oil and gas exploration company’s stock, valued at approximately $1,351,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in BP during the first quarter worth approximately $39,000. Triumph Capital Management purchased a new position in shares of BP during the 3rd quarter worth $43,000. LRI Investments LLC boosted its holdings in shares of BP by 76.2% during the fourth quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock worth $44,000 after purchasing an additional 552 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of BP in the second quarter valued at $46,000. Finally, Gill Capital Partners LLC increased its stake in BP by 53.2% in the second quarter. Gill Capital Partners LLC now owns 1,376 shares of the oil and gas exploration company’s stock valued at $51,000 after purchasing an additional 478 shares during the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP is fast-tracking a recent Egyptian gas discovery toward first production, which could accelerate cash flow and strengthen its regional production outlook. BP fast-tracks Egypt discovery to first gas
• Positive Sentiment: Shell agreed to acquire interests in BP-operated exploration prospects offshore Brazil and in the Gulf of Mexico. BP will retain operatorship and significant interests, while sharing costs and reducing exploration exposure. Shell Takes Stakes in BP Exploration Prospects
• Positive Sentiment: EnQuest said it is interested in acquiring BP’s U.K. North Sea assets. A sale could generate proceeds and further simplify BP’s portfolio, although the outcome and valuation remain uncertain. EnQuest is interested in buying BP’s North Sea assets
• Neutral Sentiment: Analyst-oriented coverage describes BP as a strong momentum stock, while separate industry research highlights the company’s use of artificial intelligence to improve drilling, asset performance and operating efficiency. These are supportive longer-term themes but do not represent new financial guidance. Here’s Why BP Is a Strong Momentum Stock
• Negative Sentiment: BP appointed Ian Tyler permanent chair after removing Albert Manifold over governance and conduct concerns. The appointment provides leadership continuity, but it follows significant boardroom turmoil and is viewed as increasing CEO Murray Auchincloss’s influence. BP appoints Ian Tyler as chair
• Negative Sentiment: BP’s company secretary is reportedly leaving amid the boardroom dispute, adding to concerns about governance stability as the company reviews its strategic direction and faces potential U.K. North Sea tax changes. BP Company Secretary to Leave Oil Major
• Negative Sentiment: The labor dispute at BP’s Indiana refinery remains an overhang. BP has requested a restart of contract negotiations after a lockout, highlighting potential operational disruption, higher labor costs and reputational risk. BP Requests Re-Start of Contract Talks

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho set a $53.00 price target on BP in a research note on Wednesday, August 5th. Zacks Research lowered shares of BP from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen upgraded shares of BP from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Royal Bank Of Canada raised shares of BP from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company decreased their price target on shares of BP from $54.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, BP has an average rating of “Hold” and an average target price of $46.59.

BP Stock Performance

NYSE BP opened at $43.58 on Friday. The business’s 50-day simple moving average is $41.78 and its 200-day simple moving average is $42.71. The firm has a market capitalization of $114.16 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.60 and a beta of 0.15. BP p.l.c. has a 1-year low of $32.72 and a 1-year high of $48.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.95.

BP (NYSE:BP) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.87 by $0.35. BP had a net margin of 2.49% and a return on equity of 16.63%. The firm had revenue of $69.11 billion for the quarter, compared to analyst estimates of $57.89 billion. During the same quarter last year, the firm posted $0.90 earnings per share. BP’s revenue for the quarter was up 106.1% compared to the same quarter last year. Equities analysts predict that BP p.l.c. will post 6.08 EPS for the current year.

BP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a dividend of $0.5196 per share. This is a positive change from BP’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 4.8%. BP’s dividend payout ratio is currently 100.49%.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.