BP p.l.c. (NYSE:BP) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC reduced its position in BP p.l.c. (NYSE:BP) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,707 shares of the oil and gas exploration company’s stock after selling 197,589 shares during the period. Beaumont Financial Advisors LLC’s holdings in BP were worth $5,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank & Trust Co lifted its holdings in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares in the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 646 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in BP during the 2nd quarter worth $75,000. ORG Partners LLC lifted its stake in shares of BP by 32.5% in the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock worth $80,000 after buying an additional 621 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in BP in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BP. Raymond James upped their target price on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Morgan Stanley decreased their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Finally, Piper Sandler cut their target price on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.76.

BP Stock Performance

Shares of BP opened at $31.53 on Wednesday. The company has a market capitalization of $85.08 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.27 and a beta of 0.64. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. BP p.l.c. has a 52-week low of $27.82 and a 52-week high of $40.40. The stock has a 50 day moving average price of $29.70 and a 200 day moving average price of $31.73.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $47.25 billion for the quarter, compared to the consensus estimate of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. Research analysts predict that BP p.l.c. will post 3.38 EPS for the current fiscal year.

BP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.09%. BP’s payout ratio is 200.00%.

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.