ORG Partners LLC Purchases 621 Shares of BP p.l.c. (NYSE:BP)

ORG Partners LLC increased its holdings in BP p.l.c. (NYSE:BP) by 32.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,533 shares of the oil and gas exploration company’s stock after acquiring an additional 621 shares during the quarter. ORG Partners LLC’s holdings in BP were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Valeo Financial Advisors LLC raised its stake in BP by 15.9% during the third quarter. Valeo Financial Advisors LLC now owns 54,252 shares of the oil and gas exploration company’s stock valued at $1,703,000 after buying an additional 7,444 shares during the last quarter. Sanibel Captiva Trust Company Inc. boosted its stake in BP by 46.1% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 62,920 shares of the oil and gas exploration company’s stock worth $1,975,000 after purchasing an additional 19,857 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in BP during the 3rd quarter valued at about $91,000. SG Americas Securities LLC raised its holdings in BP by 860.7% in the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock worth $2,086,000 after buying an additional 59,546 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of BP in the second quarter worth approximately $75,000. Institutional investors own 11.01% of the company’s stock.

BP Price Performance

NYSE BP opened at $30.74 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. BP p.l.c. has a 12 month low of $30.52 and a 12 month high of $40.84. The stock has a market cap of $85.15 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 4.25 and a beta of 0.64. The company’s 50 day moving average is $32.76 and its two-hundred day moving average is $35.38.

BP (NYSE:BP) last released its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. BP had a net margin of 3.60% and a return on equity of 13.83%. The company had revenue of $47.30 billion for the quarter, compared to analysts’ expectations of $55.82 billion. During the same quarter in the previous year, the company earned $0.89 EPS. BP’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts anticipate that BP p.l.c. will post 3.76 earnings per share for the current year.

BP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 9th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 6.25%. This is a boost from BP’s previous quarterly dividend of $0.44. BP’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Ratings Changes

Several research firms recently commented on BP. Piper Sandler reiterated a “neutral” rating and issued a $43.00 price objective on shares of BP in a report on Wednesday, July 17th. Hsbc Global Res raised shares of BP to a “hold” rating in a report on Thursday, August 8th. StockNews.com raised shares of BP from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Evercore ISI upgraded BP to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada cut BP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, BP has a consensus rating of “Moderate Buy” and an average target price of $42.98.

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.