Avior Wealth Management LLC Acquires 24,252 Shares of BP p.l.c. (NYSE:BP)

Avior Wealth Management LLC boosted its stake in shares of BP p.l.c. (NYSE:BP) by 83.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,360 shares of the oil and gas exploration company’s stock after buying an additional 24,252 shares during the period. Avior Wealth Management LLC’s holdings in BP were worth $1,577,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Altrius Capital Management Inc grew its holdings in shares of BP by 9.9% during the third quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after buying an additional 20,976 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in BP by 2.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock worth $19,526,000 after acquiring an additional 14,436 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in shares of BP during the 3rd quarter worth approximately $857,000. Kornitzer Capital Management Inc. KS lifted its position in shares of BP by 5.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after purchasing an additional 23,325 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in BP by 860.7% during the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock worth $2,086,000 after purchasing an additional 59,546 shares during the last quarter. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BP. The Goldman Sachs Group raised shares of BP to a “strong-buy” rating in a research report on Friday, October 11th. BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.76.

BP Price Performance

Shares of BP opened at $31.49 on Friday. The firm has a market capitalization of $84.98 billion, a PE ratio of 33.14, a PEG ratio of 2.23 and a beta of 0.64. 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’s 50-day moving average is $29.82 and its 200-day moving average is $31.68. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The business’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. Equities analysts forecast that BP p.l.c. will post 3.35 EPS for the current year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Friday, November 8th. BP’s dividend payout ratio is currently 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.