BP p.l.c. (NYSE:BP) Short Interest Update

BP p.l.c. (NYSE:BPGet Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 16,532,927 shares, an increase of 80.9% from the May 31st total of 9,136,996 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 7,062,628 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BP shares. Argus raised shares of BP from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, May 11th. Piper Sandler increased their price target on BP from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Royal Bank Of Canada upgraded shares of BP from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 11th. UBS Group upgraded shares of BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research cut BP from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.14.

Read Our Latest Report on BP

BP Price Performance

Shares of BP stock opened at $37.37 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. BP has a 1-year low of $29.99 and a 1-year high of $48.27. The firm has a fifty day simple moving average of $42.72 and a 200-day simple moving average of $40.67. The stock has a market capitalization of $97.86 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 0.62 and a beta of 0.17.

BP (NYSE:BPGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $52.26 billion for the quarter, compared to analyst estimates of $48.50 billion. BP had a net margin of 1.62% and a return on equity of 12.06%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. On average, sell-side analysts expect that BP will post 5.49 earnings per share for the current year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, May 15th were given a $0.4992 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.3%. BP’s payout ratio is 164.17%.

Institutional Trading of BP

Several hedge funds have recently modified their holdings of BP. ORG Partners LLC raised its holdings in BP by 16.2% during the fourth quarter. ORG Partners LLC now owns 2,038 shares of the oil and gas exploration company’s stock worth $71,000 after purchasing an additional 284 shares during the last quarter. First Horizon Corp boosted its stake in shares of BP by 8.1% during the 4th quarter. First Horizon Corp now owns 3,933 shares of the oil and gas exploration company’s stock worth $137,000 after purchasing an additional 296 shares during the last quarter. GAMMA Investing LLC grew its stake in BP by 5.2% in the 4th quarter. GAMMA Investing LLC now owns 6,597 shares of the oil and gas exploration company’s stock worth $229,000 after acquiring an additional 324 shares during the period. Atlas Brown Inc. grew its position in shares of BP by 0.9% in the fourth quarter. Atlas Brown Inc. now owns 36,721 shares of the oil and gas exploration company’s stock valued at $1,275,000 after purchasing an additional 330 shares during the period. Finally, Versant Capital Management Inc grew its holdings in BP by 4.8% in the 2nd quarter. Versant Capital Management Inc now owns 7,953 shares of the oil and gas exploration company’s stock valued at $294,000 after buying an additional 366 shares during the period. 11.01% of the stock is owned by institutional investors.

BP Company Profile

(Get Free Report)

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.

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