ORG Partners LLC Invests $114,000 in BP p.l.c. (NYSE:BP)

ORG Partners LLC acquired a new position in BP p.l.c. (NYSE:BP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,014 shares of the oil and gas exploration company’s stock, valued at approximately $114,000.

Other institutional investors have also recently made changes to their positions in the company. First United Bank & Trust purchased a new position in BP in the 4th quarter worth $33,000. Versant Capital Management Inc purchased a new position in BP in the 4th quarter worth $35,000. Guardian Wealth Management Inc. raised its stake in BP by 576.0% in the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company’s stock worth $40,000 after acquiring an additional 962 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of BP during the 4th quarter valued at about $46,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of BP by 200.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 1,060 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Price Performance

NYSE:BP traded up $0.14 during trading hours on Friday, hitting $35.19. 7,896,504 shares of the stock were exchanged, compared to its average volume of 8,708,581. BP p.l.c. has a 52-week low of $33.52 and a 52-week high of $40.84. The firm’s fifty day moving average price is $36.50 and its 200 day moving average price is $36.57. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The company has a market cap of $98.04 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.86 and a beta of 0.65.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.06). BP had a return on equity of 13.49% and a net margin of 4.51%. The firm had revenue of $48.88 billion for the quarter, compared to analysts’ expectations of $53.65 billion. During the same quarter last year, the firm posted $1.66 earnings per share. BP’s quarterly revenue was down 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that BP p.l.c. will post 4.7 EPS for the current fiscal year.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a dividend of $0.4362 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.74 annualized dividend and a yield of 4.96%. BP’s dividend payout ratio (DPR) is currently 53.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on BP shares. Erste Group Bank reiterated a “hold” rating on shares of BP in a research note on Friday, June 14th. Scotiabank lifted their price objective on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Raymond James lifted their price target on BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. StockNews.com lowered BP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 29th. Finally, Piper Sandler lifted their price target on BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, BP has a consensus rating of “Moderate Buy” and a consensus price target of $43.72.

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.