68,256 Shares in BP p.l.c. $BP Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of BP p.l.c. (NYSE:BP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 68,256 shares of the oil and gas exploration company’s stock, valued at approximately $3,003,000.

A number of other hedge funds also recently made changes to their positions in the stock. HBK Sorce Advisory LLC increased its stake in BP by 2.9% in the second quarter. HBK Sorce Advisory LLC now owns 11,424 shares of the oil and gas exploration company’s stock valued at $422,000 after acquiring an additional 317 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of BP by 4.5% in the 3rd quarter. Wedmont Private Capital now owns 7,478 shares of the oil and gas exploration company’s stock worth $347,000 after purchasing an additional 320 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of BP by 0.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 35,471 shares of the oil and gas exploration company’s stock valued at $1,560,000 after buying an additional 327 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in shares of BP by 1.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 26,991 shares of the oil and gas exploration company’s stock valued at $1,187,000 after buying an additional 349 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in BP by 4.5% in the 3rd quarter. Versant Capital Management Inc now owns 8,310 shares of the oil and gas exploration company’s stock worth $366,000 after buying an additional 357 shares during the last quarter. 11.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore raised BP to an “outperform” rating in a research note on Monday, October 5th. Wells Fargo & Company increased their target price on shares of BP from $57.00 to $63.00 and gave the company an “overweight” rating in a report on Monday. HSBC upgraded shares of BP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $51.30 in a research report on Friday, September 25th. JPMorgan Chase & Co. upgraded BP from a “neutral” rating to an “overweight” rating in a report on Wednesday, September 23rd. Finally, Wall Street Zen upgraded BP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.90.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP completed the sale of a controlling stake in Castrol, bringing in $6 billion to support its balance sheet while retaining a minority interest. BP Completes $6 Billion Castrol Sale as Stonepeak Takes Control
• Positive Sentiment: BP appointed former Shell executive Emma Lewis to lead its downstream business as CEO Meg O’Neill works to strengthen refining and fuels operations. The hire may support the company’s restructuring efforts. BP hires Shell executive Emma Lewis to lead downstream unit
• Neutral Sentiment: BP Pulse made more than 850 U.S. fast chargers easier to find and use through a roaming and app integration. This could improve customer convenience, though the reports do not quantify any financial impact. bp pulse makes 850+ EV fast chargers easier to use in the US
• Negative Sentiment: Energy executives described geopolitical risks, rising costs and uncertain oil prices as complicating investment decisions, tempering optimism about a potential decade of stronger energy demand. Energy leaders weigh the investment outlook
• Negative Sentiment: A report on energy retailers, including BP, cited declining convenience-store trips and the challenges of managing retail portfolios during corporate restructuring—potential headwinds for downstream operations. How 3 energy companies are managing their c-store portfolios

BP Stock Performance

BP stock opened at $45.56 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $119.36 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.37 and a beta of 0.16. BP p.l.c. has a 1-year low of $33.22 and a 1-year high of $51.49. The firm has a 50-day moving average of $46.16 and a 200-day moving average of $43.07.

BP (NYSE:BP) last released its quarterly earnings results on Friday, October 30th. The oil and gas exploration company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.60. BP had a return on equity of 24.67% and a net margin of 3.74%. The business had revenue of $68.40 billion during the quarter, compared to analyst estimates of $63.14 billion. During the same quarter in the prior year, the company posted $0.85 EPS. BP’s quarterly revenue was up 41.8% compared to the same quarter last year. Sell-side analysts expect that BP p.l.c. will post 8.30 EPS for the current year.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 13th will be issued a dividend of $0.5196 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 13th. BP’s dividend payout ratio is currently 60.59%.

BP Profile

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.