BP p.l.c. (NYSE:BP) Position Increased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its position in shares of BP p.l.c. (NYSE:BP) by 117.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,108 shares of the oil and gas exploration company’s stock after acquiring an additional 15,750 shares during the period. Avior Wealth Management LLC’s holdings in BP were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd increased its stake in shares of BP by 207.2% in the first quarter. Covestor Ltd now owns 2,089 shares of the oil and gas exploration company’s stock worth $79,000 after purchasing an additional 1,409 shares during the period. InterOcean Capital Group LLC bought a new position in shares of BP in the first quarter worth about $233,000. LRI Investments LLC bought a new position in shares of BP in the first quarter worth about $32,000. Fairview Capital Investment Management LLC bought a new position in shares of BP in the first quarter worth about $918,000. Finally, Vima LLC increased its stake in shares of BP by 4.9% in the first quarter. Vima LLC now owns 9,994 shares of the oil and gas exploration company’s stock worth $379,000 after purchasing an additional 469 shares during the period. 11.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore ISI raised BP to a “strong-buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised BP to a “strong-buy” rating in a research report on Friday, October 11th. Redburn Atlantic downgraded BP from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. Hsbc Global Res raised BP to a “hold” rating in a research report on Thursday, August 8th. Finally, HSBC downgraded BP from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Eleven research analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.73.

BP Stock Performance

BP stock opened at $29.08 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. The company has a 50 day moving average price of $31.01 and a 200 day moving average price of $33.78. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The stock has a market capitalization of $7.87 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. During the same quarter in the previous year, the company posted $1.15 EPS. BP’s revenue was down 11.3% on a year-over-year basis. Analysts forecast that BP p.l.c. will post 3.68 EPS for the current year.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 8th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, November 8th. BP’s payout ratio is 200.00%.

BP Company Profile

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.