Euro Pacific Asset Management LLC Sells 489 Shares of BP p.l.c. (NYSE:BP)

Euro Pacific Asset Management LLC lowered its stake in shares of BP p.l.c. (NYSE:BP) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390,844 shares of the oil and gas exploration company’s stock after selling 489 shares during the quarter. BP makes up approximately 2.9% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 13th largest holding. Euro Pacific Asset Management LLC’s holdings in BP were worth $13,924,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in BP during the fourth quarter valued at about $35,000. Turim 21 Investimentos Ltda. bought a new position in BP during the first quarter valued at about $30,000. KB Financial Partners LLC bought a new position in BP during the first quarter valued at about $41,000. Harbor Investment Advisory LLC grew its position in BP by 200.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 1,060 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in BP during the third quarter valued at about $75,000. Institutional investors own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

BP has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.60 to $42.30 in a report on Monday, March 4th. TD Securities upped their price objective on shares of BP from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Erste Group Bank raised shares of BP from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Scotiabank upped their price objective on shares of BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BP has a consensus rating of “Hold” and an average target price of $43.72.

BP Price Performance

Shares of BP stock traded down $0.32 on Thursday, reaching $38.05. The stock had a trading volume of 5,167,371 shares, compared to its average volume of 9,413,938. BP p.l.c. has a 1 year low of $33.52 and a 1 year high of $40.84. The company has a market cap of $107.16 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 1.97 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $37.09 and its two-hundred day moving average is $36.46.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm had revenue of $52.14 billion for the quarter, compared to the consensus estimate of $53.14 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The company’s revenue for the quarter was down 24.7% on a year-over-year basis. As a group, research analysts anticipate that BP p.l.c. will post 4.89 EPS for the current year.

BP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 16th were paid a $0.4362 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Thursday, February 15th. BP’s dividend payout ratio is currently 33.79%.

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.