BP p.l.c. (NYSE:BP) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in BP p.l.c. (NYSE:BP) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,337 shares of the oil and gas exploration company’s stock after selling 1,996 shares during the period. TD Private Client Wealth LLC’s holdings in BP were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. grew its stake in shares of BP by 0.3% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company’s stock worth $3,820,000 after purchasing an additional 358 shares during the period. Sunbelt Securities Inc. grew its stake 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 valued at $360,000 after acquiring an additional 415 shares during the period. Atlas Brown Inc. grew its stake in BP by 1.2% in the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock valued at $1,104,000 after acquiring an additional 437 shares during the period. Horizon Investments LLC grew its stake in BP by 3.3% in the 4th quarter. Horizon Investments LLC now owns 19,753 shares of the oil and gas exploration company’s stock valued at $584,000 after acquiring an additional 640 shares during the period. Finally, Versant Capital Management Inc grew its stake in BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 646 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

BP has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. TD Securities reissued a “hold” rating and issued a $36.00 price target (down previously from $40.00) on shares of BP in a research note on Wednesday. JPMorgan Chase & Co. upgraded BP from an “underweight” rating to a “neutral” rating in a report on Thursday, February 20th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.48.

BP Stock Down 0.4 %

NYSE BP opened at $34.60 on Friday. The firm has a market cap of $92.62 billion, a PE ratio of 432.49, a P/E/G ratio of 1.12 and a beta of 0.58. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The business’s fifty day simple moving average is $32.70 and its 200-day simple moving average is $31.26. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. As a group, equities analysts anticipate that BP p.l.c. will post 3.53 earnings per share for the current year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.55%. BP’s dividend payout ratio (DPR) is currently 2,375.00%.

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.