Gabelli Funds LLC Sells 44,300 Shares of BP p.l.c. $BP

Posted by Joseph Griffin on Jul 26th, 2026

Gabelli Funds LLC reduced its position in BP p.l.c. (NYSE:BP – Free Report) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,100 shares of the oil and gas exploration company’s stock after selling 44,300 shares during the quarter. Gabelli Funds LLC’s holdings in BP were worth $16,361,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership lifted 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 worth $33,000 after buying an additional 876 shares during the last quarter. Financial Life Planners purchased a new position in shares of BP during the first quarter worth approximately $39,000. Triumph Capital Management bought a new stake in shares of BP in the 3rd quarter worth approximately $43,000. LRI Investments LLC boosted its stake in shares of 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 purchasing an additional 552 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of BP during the 2nd quarter valued at $46,000. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Price Performance

Shares of BP stock opened at $43.85 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a market cap of $114.84 billion, a P/E ratio of 36.54, a P/E/G ratio of 0.75 and a beta of 0.17. The business’s 50 day moving average price is $41.28 and its 200-day moving average price is $41.34. BP p.l.c. has a fifty-two week low of $31.58 and a fifty-two week high of $48.27.

BP (NYSE:BP – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $52.26 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities research analysts anticipate that BP p.l.c. will post 5.69 earnings per share for the current year.

BP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 4.6%. BP’s payout ratio is presently 165.00%.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

Positive Sentiment: BP is reportedly in advanced talks to sell its Lightsource solar business to a Kuwait-backed group, which could raise cash and sharpen the company’s focus on higher-return core energy assets. BP nears deal to sell solar business to Kuwait-backed consortium, FT reports
Positive Sentiment: The sale would likely reduce BP’s exposure to a less strategic renewables segment and could support investor confidence in management’s capital-allocation discipline. BP ‘finds buyer’ for its last renewable power business
Neutral Sentiment: Brokerage coverage remains constructive, with BP listed at a consensus “Moderate Buy,” which may help support the stock but is not a new operational catalyst. BP p.l.c. (NYSE:BP) Given Consensus Rating of “Moderate Buy” by Brokerages
Neutral Sentiment: Several market-commentary pieces noted BP’s recent momentum and investor attention, but these are largely sentiment-driven and do not change the company’s fundamentals on their own. Here’s Why BP (BP) is a Strong Momentum Stock

Analyst Ratings Changes

Several analysts have weighed in on the stock. Zacks Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of BP in a research note on Thursday, June 18th. Scotiabank raised their price target on BP from $41.00 to $58.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane set a $57.00 price target on BP and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, UBS Group raised BP from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, BP has an average rating of “Moderate Buy” and an average target price of $46.59.

View Our Latest Analysis on BP

About BP

(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.