Cozad Asset Management Inc. Cuts Stake in BP p.l.c. (NYSE:BP)

Cozad Asset Management Inc. lessened its stake in BP p.l.c. (NYSE:BP) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,356 shares of the oil and gas exploration company’s stock after selling 1,462 shares during the period. Cozad Asset Management Inc.’s holdings in BP were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Missouri Trust & Investment Co grew its stake in shares of BP by 400.0% during the first quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 800 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of BP by 178.0% during the first quarter. GW&K Investment Management LLC now owns 1,034 shares of the oil and gas exploration company’s stock worth $35,000 after acquiring an additional 662 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of BP during the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of BP by 580.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,158 shares of the oil and gas exploration company’s stock worth $73,000 after acquiring an additional 1,841 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of BP during the first quarter worth about $81,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Trading Up 0.8%

Shares of NYSE:BP opened at $32.93 on Wednesday. BP p.l.c. has a 12-month low of $25.22 and a 12-month high of $35.56. The company has a market capitalization of $87.35 billion, a PE ratio of -71.59, a PEG ratio of 1.91 and a beta of 0.54. The business has a 50 day moving average of $30.74 and a two-hundred day moving average of $31.03. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP) last announced its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.03). The business had revenue of $46.91 billion for the quarter, compared to analyst estimates of $40.12 billion. BP had a positive return on equity of 9.51% and a negative net margin of 0.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, analysts forecast that BP p.l.c. will post 3.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank restated a “sector perform” rating and set a $34.00 price target (up previously from $30.00) on shares of BP in a research note on Friday, July 11th. Piper Sandler lifted their target price on BP from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. UBS Group downgraded BP from a “buy” rating to a “neutral” rating in a report on Thursday, April 10th. Wells Fargo & Company lifted their target price on BP from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, June 26th. Finally, Morgan Stanley downgraded BP from an “equal weight” rating to an “underweight” rating and set a $26.50 target price for the company. in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.50.

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.