denkapparat Operations GmbH Acquires Shares of 36,552 BP p.l.c. $BP

denkapparat Operations GmbH bought a new stake in BP p.l.c. (NYSE:BP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,552 shares of the oil and gas exploration company’s stock, valued at approximately $1,351,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of BP by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock worth $1,172,000 after acquiring an additional 1,588 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of BP by 7.4% during the second quarter. Gamco Investors INC. ET AL now owns 8,295 shares of the oil and gas exploration company’s stock worth $248,000 after acquiring an additional 568 shares during the period. IHT Wealth Management LLC raised its holdings in BP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock worth $375,000 after purchasing an additional 398 shares in the last quarter. WFA of San Diego LLC acquired a new stake in BP in the second quarter valued at about $46,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in BP by 7.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 374 shares in the last quarter. 11.01% of the stock is owned by institutional investors and hedge funds.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP is fast-tracking a recent Egyptian gas discovery toward first production, which could accelerate cash flow and strengthen its regional production outlook. BP fast-tracks Egypt discovery to first gas
• Positive Sentiment: Shell agreed to acquire interests in BP-operated exploration prospects offshore Brazil and in the Gulf of Mexico. BP will retain operatorship and significant interests, while sharing costs and reducing exploration exposure. Shell Takes Stakes in BP Exploration Prospects
• Positive Sentiment: EnQuest said it is interested in acquiring BP’s U.K. North Sea assets. A sale could generate proceeds and further simplify BP’s portfolio, although the outcome and valuation remain uncertain. EnQuest is interested in buying BP’s North Sea assets
• Neutral Sentiment: Analyst-oriented coverage describes BP as a strong momentum stock, while separate industry research highlights the company’s use of artificial intelligence to improve drilling, asset performance and operating efficiency. These are supportive longer-term themes but do not represent new financial guidance. Here’s Why BP Is a Strong Momentum Stock
• Negative Sentiment: BP appointed Ian Tyler permanent chair after removing Albert Manifold over governance and conduct concerns. The appointment provides leadership continuity, but it follows significant boardroom turmoil and is viewed as increasing CEO Murray Auchincloss’s influence. BP appoints Ian Tyler as chair
• Negative Sentiment: BP’s company secretary is reportedly leaving amid the boardroom dispute, adding to concerns about governance stability as the company reviews its strategic direction and faces potential U.K. North Sea tax changes. BP Company Secretary to Leave Oil Major
• Negative Sentiment: The labor dispute at BP’s Indiana refinery remains an overhang. BP has requested a restart of contract negotiations after a lockout, highlighting potential operational disruption, higher labor costs and reputational risk. BP Requests Re-Start of Contract Talks

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BP. Wells Fargo & Company cut their target price on BP from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Freedom Capital raised BP from a “strong sell” rating to a “hold” rating in a report on Thursday, August 6th. TD Cowen increased their price objective on BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Zacks Research lowered shares of BP from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen raised shares of BP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.59.

BP Stock Performance

BP opened at $43.58 on Friday. BP p.l.c. has a 1-year low of $32.72 and a 1-year high of $48.27. The stock has a market cap of $114.16 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.60 and a beta of 0.15. The stock’s 50 day simple moving average is $41.78 and its 200 day simple moving average is $42.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.95.

BP (NYSE:BP) last posted its earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. BP had a return on equity of 16.63% and a net margin of 2.49%.BP’s quarterly revenue was up 106.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. As a group, equities analysts anticipate that BP p.l.c. will post 6.08 EPS for the current fiscal year.

BP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be given a $0.5196 dividend. This is a boost from BP’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, August 14th. BP’s dividend payout ratio (DPR) is currently 100.49%.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.