BP p.l.c. (NYSE:BP) Stock Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in BP p.l.c. (NYSE:BP) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,403,216 shares of the oil and gas exploration company’s stock after selling 14,897 shares during the period. New York State Common Retirement Fund’s holdings in BP were worth $49,674,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in shares of BP in the 4th quarter worth approximately $35,000. Harbor Investment Advisory LLC grew its position in BP by 200.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock worth $56,000 after buying an additional 1,060 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of BP during the 4th quarter valued at $70,000. First Command Advisory Services Inc. acquired a new position in shares of BP in the 3rd quarter worth $75,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in BP in the 4th quarter worth about $93,000. Institutional investors own 11.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BP shares. Erste Group Bank raised shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. TD Securities increased their price target on shares of BP from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.60 to $42.30 in a research note on Monday, March 4th. Scotiabank boosted their price target on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Raymond James increased their target price on shares of BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, BP presently has a consensus rating of “Hold” and a consensus price target of $43.72.

BP Stock Up 0.1 %

Shares of BP stock opened at $39.33 on Thursday. BP p.l.c. has a 12 month low of $33.52 and a 12 month high of $40.84. The stock has a 50 day moving average of $37.36 and a 200-day moving average of $36.52. The firm has a market cap of $110.76 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.68. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.57.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The business had revenue of $52.14 billion during the quarter, compared to analyst estimates of $53.14 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The firm’s revenue for the quarter was down 24.7% on a year-over-year basis. On average, equities analysts predict that BP p.l.c. will post 5.02 EPS for the current year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 16th were paid a $0.4362 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.44%. BP’s payout ratio is 33.79%.

BP 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.