Euro Pacific Asset Management LLC Has $10.94 Million Stock Holdings in BP p.l.c. $BP

Euro Pacific Asset Management LLC cut its stake in shares of BP p.l.c. (NYSE:BP) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 365,237 shares of the oil and gas exploration company’s stock after selling 1,423 shares during the period. BP accounts for 1.8% of Euro Pacific Asset Management LLC’s holdings, making the stock its 17th largest position. Euro Pacific Asset Management LLC’s holdings in BP were worth $10,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BP. Cary Street Partners Investment Advisory LLC grew its stake in BP by 2,250.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 900 shares in the last quarter. Missouri Trust & Investment Co increased its holdings in BP by 400.0% in the 1st quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 800 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of BP by 178.0% during 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 acquiring an additional 662 shares during the last quarter. ORG Partners LLC increased its holdings in 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. raised its position in BP by 580.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,158 shares of the oil and gas exploration company’s stock worth $73,000 after purchasing an additional 1,841 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Berenberg Bank upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 7th. DZ Bank raised shares of BP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Piper Sandler upped their price target on BP from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Melius Research began coverage on BP in a research note on Wednesday, August 20th. They issued a “buy” rating and a $66.00 price objective for the company. Finally, BNP Paribas raised BP from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BP has an average rating of “Moderate Buy” and a consensus price target of $42.05.

BP Stock Performance

BP stock opened at $34.16 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.21 and a debt-to-equity ratio of 0.68. The firm has a market cap of $89.97 billion, a PE ratio of 162.68, a P/E/G ratio of 2.02 and a beta of 0.54. The business has a 50 day moving average of $34.20 and a 200-day moving average of $31.56. BP p.l.c. has a 12-month low of $25.22 and a 12-month high of $35.88.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.22. BP had a return on equity of 9.08% and a net margin of 0.29%.The business had revenue of $46.63 billion for the quarter, compared to analysts’ expectations of $42.88 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that BP p.l.c. will post 3.53 earnings per share for the current year.

BP Increases Dividend

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

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.