BP p.l.c. (NYSE:BP) Shares Sold by Equitable Trust Co.

Equitable Trust Co. reduced its position in shares of BP p.l.c. (NYSE:BP) by 26.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,857 shares of the oil and gas exploration company’s stock after selling 5,000 shares during the period. Equitable Trust Co.’s holdings in BP were worth $410,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altrius Capital Management Inc raised 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 purchasing an additional 20,976 shares during the period. Avior Wealth Management LLC grew its position in shares of BP by 83.3% during the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock valued at $1,577,000 after buying an additional 24,252 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in BP by 2.2% during the fourth 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 period. Integrated Investment Consultants LLC acquired a new position in BP in the third quarter valued at approximately $857,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in shares of BP by 5.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock valued at $14,282,000 after purchasing an additional 23,325 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BP shares. Piper Sandler reduced their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. DZ Bank downgraded shares of BP from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley decreased their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com cut BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.76.

BP Stock Performance

Shares of NYSE BP opened at $34.55 on Wednesday. BP p.l.c. has a 1 year low of $27.82 and a 1 year high of $40.40. The firm has a market cap of $92.50 billion, a P/E ratio of 36.37, a PEG ratio of 2.26 and a beta of 0.64. The stock has a fifty day moving average price of $30.47 and a two-hundred day moving average price of $31.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 1.36% and a return on equity of 12.91%. Research analysts forecast that BP p.l.c. will post 3.35 EPS for the current fiscal year.

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.