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

Winning Points Advisors LLC acquired a new stake in BP p.l.c. (NYSE:BPFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,972 shares of the oil and gas exploration company’s stock, valued at approximately $659,000. BP comprises 0.6% of Winning Points Advisors LLC’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vestor Capital LLC lifted its stake in BP by 3,119.8% in the fourth quarter. Vestor Capital LLC now owns 66,553 shares of the oil and gas exploration company’s stock valued at $2,311,000 after buying an additional 64,486 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in BP by 8.1% in the fourth quarter. Crescent Grove Advisors LLC now owns 6,644 shares of the oil and gas exploration company’s stock valued at $231,000 after buying an additional 500 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in BP in the fourth quarter valued at approximately $67,890,000. Heritage Trust Co lifted its stake in BP by 1.8% in the fourth quarter. Heritage Trust Co now owns 62,404 shares of the oil and gas exploration company’s stock valued at $2,167,000 after buying an additional 1,113 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in BP by 66.8% in the fourth quarter. Root Financial Partners LLC now owns 2,544 shares of the oil and gas exploration company’s stock valued at $88,000 after buying an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Trading Down 0.7%

Shares of BP stock opened at $42.66 on Friday. The business’s fifty day moving average price is $44.96 and its 200 day moving average price is $40.37. BP p.l.c. has a 1-year low of $29.58 and a 1-year high of $48.27. The firm has a market capitalization of $111.72 billion, a PE ratio of 35.55, a P/E/G ratio of 0.52 and a beta of 0.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.22 and a quick ratio of 0.87.

BP (NYSE:BPGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. BP had a return on equity of 12.06% and a net margin of 1.62%.The firm had revenue of $52.26 billion for the quarter, compared to analyst estimates of $48.50 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. BP’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that BP p.l.c. will post 5.35 EPS for the current fiscal year.

BP Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BP. Wall Street Zen raised BP from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Piper Sandler boosted their target price on BP from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Freedom Capital lowered BP from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Weiss Ratings raised BP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 24th. Finally, HSBC raised BP from a “reduce” rating to a “hold” rating and boosted their target price for the company from $35.10 to $45.30 in a report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell 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 $46.14.

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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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