BP p.l.c. $BP Stake Decreased by Smith Group Asset Management LLC

Smith Group Asset Management LLC trimmed its stake in BP p.l.c. (NYSE:BP) by 89.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,280 shares of the oil and gas exploration company’s stock after selling 59,040 shares during the period. Smith Group Asset Management LLC’s holdings in BP were worth $320,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. William Mack & Associates Inc. purchased a new position in shares of BP during the 3rd quarter worth approximately $166,000. Oppenheimer & Co. Inc. raised its position in BP by 4.9% in the third quarter. Oppenheimer & Co. Inc. now owns 208,624 shares of the oil and gas exploration company’s stock valued at $9,177,000 after purchasing an additional 9,709 shares during the period. Westover Capital Advisors LLC purchased a new stake in BP in the third quarter valued at approximately $266,000. Apollon Wealth Management LLC lifted its stake in BP by 0.9% during the third quarter. Apollon Wealth Management LLC now owns 35,471 shares of the oil and gas exploration company’s stock worth $1,560,000 after purchasing an additional 327 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in BP by 3.8% during the third quarter. Signaturefd LLC now owns 34,345 shares of the oil and gas exploration company’s stock worth $1,511,000 after purchasing an additional 1,271 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Higher oil prices improve earnings outlook: Rising crude prices, partly driven by Middle East supply concerns, are creating a favorable backdrop for BP and other producers. Analysts expect BP to benefit from the price environment and potentially exceed third-quarter earnings estimates. Watch These 4 Energy Stocks for Q3 Earnings: Beat or Miss?
• Positive Sentiment: Q3 earnings expectations remain strong: BP is scheduled to report on October 30. Forecasts call for revenue of approximately $69.36 billion, up 40.8% year over year, while recent analysis highlights higher oil prices, valuation support and the potential for a sharp profit increase. BP Earnings Preview: Q3 2026
• Positive Sentiment: Analyst earnings estimate raised: Erste Group Bank increased its FY2026 EPS forecast for BP to $8.16 from $7.38, above the current consensus estimate of $8.08. The revision reinforces the improving profit outlook. BP analyst earnings estimate report
• Positive Sentiment: Exploration progress adds potential upside: BP reported hydrocarbon shows at a Brazil pre-salt well and has begun a second exploration phase at Venezuela’s Loran offshore gas field. Successful appraisal could support future reserves and production, though commercial viability is not yet established. BP detects hydrocarbon shows at Brazil pre-salt well
• Neutral Sentiment: Deepwater Horizon settlement removes uncertainty: BP agreed to pay Louisiana about $350 million to resolve remaining economic-damage claims. The settlement closes a long-running legal matter, but the cash cost may already be reflected in the stock’s recent gains. BP settles Louisiana claims following Deepwater Horizon
• Negative Sentiment: Production is expected to decline: Despite the revenue outlook, third-quarter upstream production is forecast at about 2.21 million barrels of oil equivalent per day, down 6.5% year over year. This could limit the benefit of higher commodity prices.

Analysts Set New Price Targets

BP has been the subject of several research analyst reports. Piper Sandler raised their price target on BP from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Citigroup assumed coverage on BP in a report on Thursday, October 1st. They issued a “buy” rating on the stock. Barclays reissued an “overweight” rating on shares of BP in a research note on Monday, October 5th. HSBC upgraded BP from a “hold” rating to a “buy” rating and raised their target price for the company from $46.00 to $51.30 in a report on Friday, September 25th. Finally, Oppenheimer began coverage on BP in a research report on Thursday, October 1st. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.44.

BP Stock Up 1.1%

Shares of NYSE:BP opened at $50.31 on Friday. The stock has a market cap of $131.81 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 0.45 and a beta of 0.20. The firm’s 50 day moving average price is $45.86 and its 200 day moving average price is $42.82. BP p.l.c. has a fifty-two week low of $33.22 and a fifty-two week high of $51.49. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP) last issued its earnings results on Friday, October 30th. The oil and gas exploration company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.60. The firm had revenue of $68.40 billion during the quarter, compared to the consensus estimate of $63.14 billion. BP had a net margin of 2.49% and a return on equity of 16.63%. As a group, equities research analysts predict that BP p.l.c. will post 8.17 earnings per share for the current fiscal year.

BP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were given a $0.5196 dividend. This is a positive change from BP’s previous quarterly dividend of $0.4992. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. BP’s payout ratio is 100.49%.

BP Company 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.