Investors Sell BP (BP) on Strength (BP)

Traders sold shares of BP plc (NYSE:BP) on strength during trading on Friday. $31.10 million flowed into the stock on the tick-up and $39.61 million flowed out of the stock on the tick-down, for a money net flow of $8.51 million out of the stock. Of all equities tracked, BP had the 0th highest net out-flow for the day. BP traded up $0.09 for the day and closed at $39.12

Several research analysts have recently issued reports on the stock. Vetr downgraded shares of BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target for the company. in a report on Monday, March 12th. Zacks Investment Research downgraded shares of BP from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. TheStreet downgraded shares of BP from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Finally, Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.26.

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The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market cap of $129,474.28, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 0.78 and a beta of 0.98.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). BP had a return on equity of 6.19% and a net margin of 1.39%. The business had revenue of $67.82 billion during the quarter, compared to the consensus estimate of $56.85 billion. During the same period in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. equities research analysts expect that BP plc will post 2.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a yield of 6.13%. BP’s dividend payout ratio (DPR) is currently 233.34%.

Institutional investors and hedge funds have recently modified their holdings of the business. Stonehearth Capital Management LLC bought a new stake in BP during the fourth quarter valued at $115,000. Itau Unibanco Holding S.A. boosted its position in BP by 121.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in BP during the fourth quarter valued at $129,000. Truewealth LLC bought a new stake in BP during the fourth quarter valued at $138,000. Finally, Baystate Wealth Management LLC boosted its position in BP by 832.8% during the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after acquiring an additional 2,948 shares during the last quarter. 10.17% of the stock is currently owned by institutional investors and hedge funds.

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About BP

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

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