BP p.l.c. (NYSE:BP) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of BP p.l.c. (NYSE:BP) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,779 shares of the oil and gas exploration company’s stock after purchasing an additional 4,615 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in BP were worth $4,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hexagon Capital Partners LLC lifted its stake in shares of BP by 5.1% during the third quarter. Hexagon Capital Partners LLC now owns 7,083 shares of the oil and gas exploration company’s stock worth $274,000 after purchasing an additional 345 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in shares of BP by 5.6% in the third quarter. Confluence Wealth Services Inc. now owns 10,962 shares of the oil and gas exploration company’s stock worth $424,000 after acquiring an additional 577 shares in the last quarter. Altrius Capital Management Inc lifted its stake in shares of BP by 0.4% in the third quarter. Altrius Capital Management Inc now owns 184,220 shares of the oil and gas exploration company’s stock worth $7,133,000 after acquiring an additional 695 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of BP by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 39,053 shares of the oil and gas exploration company’s stock worth $1,382,000 after acquiring an additional 806 shares in the last quarter. Finally, 1ST Source Bank lifted its stake in shares of BP by 3.1% in the third quarter. 1ST Source Bank now owns 30,519 shares of the oil and gas exploration company’s stock worth $1,182,000 after acquiring an additional 915 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Stock Up 1.0 %

NYSE:BP opened at $39.29 on Wednesday. The firm has a market capitalization of $110.65 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68. The stock has a 50 day moving average of $37.29 and a 200-day moving average of $36.50. BP p.l.c. has a 52 week low of $33.52 and a 52 week high of $40.84. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.96 by $0.11. The company had revenue of $52.14 billion during the quarter, compared to analyst estimates of $53.14 billion. BP had a return on equity of 16.00% and a net margin of 7.15%. The business’s revenue was down 24.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 earnings per share. Analysts predict that BP p.l.c. will post 4.94 EPS for the current year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were given a dividend of $0.4362 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.74 annualized dividend and a dividend yield of 4.44%. BP’s dividend payout ratio is presently 33.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BP. Raymond James boosted their price target on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.60 to $42.30 in a report on Monday, March 4th. Piper Sandler boosted their price objective on BP from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Scotiabank boosted their price objective on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company boosted their price objective on BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BP has a consensus rating of “Hold” and a consensus target price 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.