14,675 Shares in BP p.l.c. (NYSE:BP) Bought by ARK & TLK Investments LLC

ARK & TLK Investments LLC purchased a new stake in shares of BP p.l.c. (NYSE:BP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,675 shares of the oil and gas exploration company’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of BP by 30.1% in the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company’s stock valued at $14,040,000 after buying an additional 110,019 shares during the last quarter. SVB Wealth LLC acquired a new stake in BP during the 4th quarter valued at approximately $588,000. Avior Wealth Management LLC raised its holdings in BP by 83.3% during the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock worth $1,577,000 after purchasing an additional 24,252 shares during the last quarter. Altrius Capital Management Inc boosted its stake in shares of BP by 16.6% in the 4th quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company’s stock valued at $8,056,000 after purchasing an additional 38,751 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its position in shares of BP by 92.6% during the fourth quarter. Cozad Asset Management Inc. now owns 43,818 shares of the oil and gas exploration company’s stock worth $1,295,000 after buying an additional 21,064 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Stock Performance

Shares of BP opened at $33.85 on Friday. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a 50 day moving average price of $32.97 and a two-hundred day moving average price of $31.34. The firm has a market capitalization of $91.89 billion, a P/E ratio of 423.12, a P/E/G ratio of 1.12 and a beta of 0.58.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. Equities analysts forecast that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend was Friday, February 21st. BP’s dividend payout ratio (DPR) is presently 2,375.00%.

Wall Street Analysts Forecast Growth

BP has been the topic of a number of research analyst reports. Wolfe Research set a $50.00 price target on shares of BP in a research report on Tuesday, January 14th. Raymond James upped their target price on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their price target on BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. Finally, DZ Bank downgraded shares of BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.48.

BP Company Profile

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.