BP p.l.c. (NYSE:BP) Shares Sold by PSI Advisors LLC

PSI Advisors LLC trimmed its position in BP p.l.c. (NYSE:BP) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,983 shares of the oil and gas exploration company’s stock after selling 900 shares during the quarter. PSI Advisors LLC’s holdings in BP were worth $188,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BP. LRI Investments LLC purchased a new position in shares of BP in the first quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BP during the second quarter valued at approximately $33,000. Quent Capital LLC purchased a new position in BP during the second quarter valued at approximately $38,000. Independence Bank of Kentucky raised its position in BP by 85.7% during the second quarter. Independence Bank of Kentucky now owns 1,300 shares of the oil and gas exploration company’s stock valued at $47,000 after acquiring an additional 600 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in BP by 73.1% during the first quarter. Indiana Trust & Investment Management CO now owns 1,575 shares of the oil and gas exploration company’s stock valued at $59,000 after acquiring an additional 665 shares in the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group upgraded BP to a “strong-buy” rating in a research report on Friday, October 11th. Morgan Stanley cut BP from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $49.90 to $41.50 in a research report on Monday, July 15th. Hsbc Global Res upgraded BP to a “hold” rating in a research report on Thursday, August 8th. BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada cut BP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.98.

BP Stock Performance

Shares of NYSE:BP opened at $31.57 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.95. The business’s 50 day moving average price is $32.51 and its 200-day moving average price is $35.10. The firm has a market capitalization of $87.45 billion, a PE ratio of 9.82, a P/E/G ratio of 4.25 and a beta of 0.64. BP p.l.c. has a 1 year low of $30.52 and a 1 year high of $40.40.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $47.30 billion for the quarter, compared to analyst estimates of $55.82 billion. BP had a return on equity of 13.83% and a net margin of 3.60%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, equities research analysts expect that BP p.l.c. will post 3.76 earnings per share for the current fiscal year.

BP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 9th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 6.08%. This is a positive change from BP’s previous quarterly dividend of $0.44. BP’s payout ratio is 59.56%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.