BP p.l.c. (NYSE:BP) Stock Holdings Lowered by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its position in shares of BP p.l.c. (NYSE:BP) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,101 shares of the oil and gas exploration company’s stock after selling 594 shares during the period. Stock Yards Bank & Trust Co.’s holdings in BP were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky grew its holdings in BP by 85.7% in the 2nd quarter. Independence Bank of Kentucky now owns 1,300 shares of the oil and gas exploration company’s stock worth $47,000 after buying an additional 600 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of BP in the second quarter worth $75,000. ORG Partners LLC increased its holdings in shares of BP by 32.5% during the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after purchasing an additional 621 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of BP during the third quarter valued at about $91,000. Finally, Anchor Investment Management LLC grew its position in BP by 58.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after buying an additional 1,154 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BP shares. StockNews.com raised shares of BP from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Scotiabank lowered BP from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. Wells Fargo & Company cut their price objective on BP from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group raised BP to a “strong-buy” rating in a report on Friday, October 11th. Finally, Redburn Atlantic downgraded shares of BP from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.48.

BP Stock Performance

BP stock opened at $30.16 on Friday. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The firm’s 50 day simple moving average is $30.20 and its 200-day simple moving average is $32.93. 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 market cap of $81.04 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.64.

BP (NYSE:BP) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The company 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 company’s revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS. As a group, equities research analysts predict that BP p.l.c. will post 3.57 EPS for the current year.

BP Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.92 dividend on an annualized basis and a yield of 6.37%. BP’s payout ratio is presently 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.