Euro Pacific Asset Management LLC Has $11.91 Million Holdings in BP p.l.c. (NYSE:BP)

Euro Pacific Asset Management LLC trimmed its stake in shares of BP p.l.c. (NYSE:BP) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 375,889 shares of the oil and gas exploration company’s stock after selling 3,148 shares during the period. BP makes up about 2.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Euro Pacific Asset Management LLC’s holdings in BP were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BP. Beaumont Financial Advisors LLC acquired a new position in shares of BP in the 1st quarter valued at $6,682,000. Wedge Capital Management L L P NC increased its stake in shares of BP by 26.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 629,568 shares of the oil and gas exploration company’s stock valued at $22,727,000 after acquiring an additional 132,750 shares during the last quarter. Rothschild Investment LLC bought a new position in BP during the 2nd quarter worth approximately $2,620,000. SG Americas Securities LLC grew 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 valued at $2,086,000 after purchasing an additional 59,546 shares during the period. Finally, Sanibel Captiva Trust Company Inc. raised its holdings in BP by 147.9% in the second quarter. Sanibel Captiva Trust Company Inc. now owns 43,063 shares of the oil and gas exploration company’s stock worth $1,555,000 after purchasing an additional 25,690 shares during the period. Institutional investors own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BP shares. UBS Group upgraded shares of BP to a “strong-buy” rating in a research report on Tuesday, July 30th. HSBC cut BP from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on BP from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a report on Friday, October 11th. Finally, Barclays upgraded shares of BP to a “strong-buy” rating in a report on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, BP presently has a consensus rating of “Moderate Buy” and an average target price of $42.73.

BP Stock Down 0.2 %

NYSE BP opened at $28.98 on Friday. The company has a 50 day moving average of $31.14 and a 200-day moving average of $34.01. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a market cap of $78.61 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.94 and a beta of 0.65.

BP (NYSE:BP) last announced 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 firm had revenue of $47.25 billion for the quarter, compared to the consensus estimate of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. On average, equities research analysts expect that BP p.l.c. will post 3.68 earnings per share for the current fiscal year.

BP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 8th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Friday, November 8th. BP’s dividend payout ratio (DPR) is presently 200.00%.

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.