Winning Points Advisors LLC Buys Shares of 18,972 BP p.l.c. $BP

Winning Points Advisors LLC bought a new stake in BP p.l.c. (NYSE:BPFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,972 shares of the oil and gas exploration company’s stock, valued at approximately $659,000. BP makes up approximately 0.6% of Winning Points Advisors LLC’s portfolio, making the stock its 24th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new position in BP in the 3rd quarter valued at about $25,000. YANKCOM Partnership grew its position in BP by 1,068.3% in the 4th quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 876 shares in the last quarter. Triumph Capital Management acquired a new position in BP in the 3rd quarter valued at about $43,000. LRI Investments LLC grew its position in BP by 76.2% in the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after acquiring an additional 552 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position in BP by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,300 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 650 shares in the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

BP Price Performance

BP stock opened at $42.66 on Friday. The business has a 50 day moving average price of $44.96 and a 200 day moving average price of $40.37. The stock has a market cap of $111.72 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 0.52 and a beta of 0.14. BP p.l.c. has a fifty-two week low of $29.58 and a fifty-two week high of $48.27. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.68.

BP (NYSE:BPGet Free Report) last posted its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The firm had revenue of $52.26 billion during the quarter, compared to analysts’ expectations of $48.50 billion. BP had a return on equity of 12.06% and a net margin of 1.62%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts anticipate that BP p.l.c. will post 5.35 earnings per share for the current fiscal year.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be paid a dividend of $0.4992 per share. The ex-dividend date is Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.7%. BP’s payout ratio is presently 165.00%.

Trending Headlines about BP

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen decreased their price objective on BP from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Scotiabank lifted their price objective on BP from $41.00 to $58.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley upgraded BP from an “equal weight” rating to an “overweight” rating and set a $49.40 price objective for the company in a research note on Tuesday, March 24th. Wall Street Zen upgraded BP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Finally, Piper Sandler lifted their price objective on BP from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.14.

View Our Latest Stock Report on BP

BP Company Profile

(Free Report)

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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