BP p.l.c. $BP Holdings Lifted by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. raised its position in BP p.l.c. (NYSE:BP) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,941 shares of the oil and gas exploration company’s stock after purchasing an additional 592 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in BP were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BP. Cary Street Partners Investment Advisory LLC increased its stake in shares of BP by 2,250.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock valued at $32,000 after purchasing an additional 900 shares during the period. Missouri Trust & Investment Co increased its stake in shares of BP by 400.0% in the first quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 800 shares during the period. GW&K Investment Management LLC increased its stake in shares of BP by 178.0% in the first quarter. GW&K Investment Management LLC now owns 1,034 shares of the oil and gas exploration company’s stock valued at $35,000 after purchasing an additional 662 shares during the period. ORG Partners LLC increased its stake in shares of BP by 743.3% in the second quarter. ORG Partners LLC now owns 1,754 shares of the oil and gas exploration company’s stock valued at $53,000 after purchasing an additional 1,546 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of BP by 580.8% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,158 shares of the oil and gas exploration company’s stock valued at $73,000 after purchasing an additional 1,841 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Trading Up 0.9%

Shares of NYSE:BP opened at $34.16 on Friday. The stock has a market capitalization of $89.97 billion, a price-to-earnings ratio of 162.68, a PEG ratio of 2.02 and a beta of 0.54. BP p.l.c. has a 1-year low of $25.22 and a 1-year high of $35.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.21. The company has a 50 day moving average price of $34.20 and a 200 day moving average price of $31.58.

BP (NYSE:BP) last issued its earnings results on Tuesday, August 5th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.22. The firm had revenue of $46.63 billion during the quarter, compared to analysts’ expectations of $42.88 billion. BP had a net margin of 0.29% and a return on equity of 9.08%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. On average, research analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 15th were paid a $0.4942 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 5.8%. This is a positive change from BP’s previous quarterly dividend of $0.48. BP’s dividend payout ratio (DPR) is 942.86%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BP shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of BP in a report on Saturday, September 27th. Melius Research started coverage on shares of BP in a report on Wednesday, August 20th. They issued a “buy” rating and a $66.00 price objective for the company. BNP Paribas upgraded shares of BP from a “neutral” rating to an “outperform” rating in a report on Monday, September 15th. TD Cowen increased their price objective on shares of BP from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Finally, Berenberg Bank upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BP has an average rating of “Moderate Buy” and a consensus price target of $42.05.

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.