Delta Capital Management LLC Sells 10,960 Shares of BP p.l.c. $BP

Delta Capital Management LLC decreased its position in BP p.l.c. (NYSE:BP) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,760 shares of the oil and gas exploration company’s stock after selling 10,960 shares during the period. Delta Capital Management LLC’s holdings in BP were worth $2,145,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Bollard Group LLC increased its holdings in BP by 12.7% in the 2nd quarter. Bollard Group LLC now owns 337,724 shares of the oil and gas exploration company’s stock worth $10,108,000 after acquiring an additional 37,974 shares during the last quarter. Quantbot Technologies LP purchased a new stake in BP during the third quarter valued at about $1,352,000. Baird Financial Group Inc. boosted its position in BP by 206.0% during the second quarter. Baird Financial Group Inc. now owns 252,849 shares of the oil and gas exploration company’s stock worth $7,568,000 after purchasing an additional 170,221 shares during the period. Jones Financial Companies Lllp increased its stake in shares of BP by 22.1% in the third quarter. Jones Financial Companies Lllp now owns 127,792 shares of the oil and gas exploration company’s stock worth $4,553,000 after purchasing an additional 23,166 shares in the last quarter. Finally, United Community Bank raised its position in shares of BP by 173.8% in the third quarter. United Community Bank now owns 29,086 shares of the oil and gas exploration company’s stock valued at $1,002,000 after purchasing an additional 18,463 shares during the period. 11.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on BP shares. TD Cowen cut their price objective on shares of BP from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, February 13th. Jefferies Financial Group restated a “hold” rating on shares of BP in a research report on Thursday, January 8th. Morgan Stanley upgraded BP from an “equal weight” rating to an “overweight” rating and set a $49.40 price target for the company in a research report on Tuesday, March 24th. Wolfe Research reiterated an “outperform” rating and set a $51.00 price objective on shares of BP in a research note on Thursday, December 18th. Finally, Bank of America downgraded BP from a “neutral” rating to an “underperform” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, BP presently has an average rating of “Hold” and a consensus target price of $40.18.

BP Stock Up 1.3%

Shares of NYSE:BP opened at $47.31 on Tuesday. The firm has a fifty day moving average price of $39.92 and a two-hundred day moving average price of $36.73. The company has a market cap of $124.04 billion, a price-to-earnings ratio of -4,726.07, a PEG ratio of 1.31 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. BP p.l.c. has a one year low of $25.22 and a one year high of $47.66.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $47.38 billion for the quarter, compared to analysts’ expectations of $42.19 billion. BP had a net margin of 0.03% and a return on equity of 9.68%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.4992 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, February 20th. BP’s dividend payout ratio (DPR) is -19,800.00%.

About BP

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.