BP p.l.c. $BP Holdings Trimmed by Fiduciary Alliance LLC

Fiduciary Alliance LLC reduced its position in shares of BP p.l.c. (NYSE:BP) by 75.6% during the first quarter, Holdings Channel.com reports. The fund owned 5,415 shares of the oil and gas exploration company’s stock after selling 16,736 shares during the quarter. Fiduciary Alliance LLC’s holdings in BP were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BP. Strategic Advocates LLC bought a new stake in shares of BP in the 3rd quarter worth approximately $25,000. YANKCOM Partnership boosted its holdings in BP by 1,068.3% during the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock worth $33,000 after buying an additional 876 shares in the last quarter. Triumph Capital Management acquired a new position in BP in the third quarter worth approximately $43,000. LRI Investments LLC increased its holdings in shares of BP by 76.2% in the fourth quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after buying an additional 552 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its position in shares of BP by 100.0% during 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 during the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BP shares. HSBC raised BP from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $35.10 to $45.30 in a research note on Friday, March 20th. Zacks Research downgraded BP from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. UBS Group upgraded BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded BP from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BP in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.14.

BP Price Performance

Shares of NYSE:BP opened at $37.11 on Monday. The company’s fifty day moving average is $43.43 and its two-hundred day moving average is $40.63. The company has a market cap of $97.20 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 0.67 and a beta of 0.14. BP p.l.c. has a 12-month low of $29.85 and a 12-month 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:BP) last issued its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. BP had a return on equity of 12.06% and a net margin of 1.62%.The business had revenue of $52.26 billion during the quarter, compared to analysts’ expectations of $48.50 billion. During the same quarter last year, the firm posted $0.53 earnings per share. BP’s revenue was up 11.4% compared to the same quarter last year. Equities analysts expect that BP p.l.c. will post 5.24 earnings per share for the current fiscal year.

BP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.4992 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.4%. BP’s dividend payout ratio (DPR) is 165.00%.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP signed a concession agreement with ADNOC and partners to develop the Bab Gas Cap project in the UAE, taking a 10% stake. The deal gives BP direct access to Abu Dhabi upstream gas resources and supports its LNG growth strategy. BP signs concession deal with ADNOC, partners for Bab Gas Cap project
• Positive Sentiment: BP also joined TotalEnergies in the Bab Gas Cap project, reinforcing the company’s push to deepen its Middle East gas portfolio and potentially improving long-term production visibility. BP, TotalEnergies Join Bab Gas Cap Project in Abu Dhabi
• Positive Sentiment: BP said its new organizational structure, effective July 1, is designed to simplify the business, improve operational performance, and create more shareholder value, which may support longer-term investor confidence. BP Is Reshaping Its Entire Business Structure—What Management Is Trying to Achieve
• Neutral Sentiment: ONGC signed a technical services deal with bp for the Western Offshore Basin, adding another international partnership that could modestly support BP’s upstream presence. ONGC signs technical services deal with bp for Western Offshore Basin
• Neutral Sentiment: BP’s short interest rose sharply in June, which can signal growing bearish sentiment among traders and add pressure to the shares.
• Negative Sentiment: Reports that BP shares have been falling in London this week point to broader weakness in investor sentiment toward the stock and the energy sector. Here’s why the BP and Shell shares are falling in London this week
• Negative Sentiment: A lawsuit alleging BP and other retailers used AI to raise gas prices adds headline risk and could weigh on the stock if legal scrutiny intensifies. Walmart, 7-Eleven, Albertsons, and BP used AI to raise gas prices, lawsuit alleges
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of BP investors, which can increase legal overhang and keep sentiment cautious. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BP p.l.c. – BP

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.