Nilsine Partners LLC Has $729,000 Holdings in BP p.l.c. (NYSE:BP)

Nilsine Partners LLC lessened its position in BP p.l.c. (NYSE:BP) by 2.6% in the 1st quarter, Holdings Channel reports. The fund owned 21,579 shares of the oil and gas exploration company’s stock after selling 568 shares during the period. Nilsine Partners LLC’s holdings in BP were worth $729,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new stake in shares of BP in the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co lifted its position in shares of 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 valued at $34,000 after acquiring an additional 800 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of BP by 580.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,158 shares of the oil and gas exploration company’s stock valued at $73,000 after acquiring an additional 1,841 shares in the last quarter. Bank & Trust Co lifted its position in shares of BP by 24.9% in the 1st quarter. Bank & Trust Co now owns 2,648 shares of the oil and gas exploration company’s stock valued at $89,000 after acquiring an additional 528 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of BP by 55.2% in the 4th quarter. Anchor Investment Management LLC now owns 4,841 shares of the oil and gas exploration company’s stock valued at $143,000 after acquiring an additional 1,721 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Stock Performance

Shares of BP opened at $31.26 on Friday. The company’s fifty day moving average is $29.29 and its 200-day moving average is $30.70. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $37.39. The firm has a market cap of $83.99 billion, a price-to-earnings ratio of -67.94, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.69.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.03). BP had a positive return on equity of 9.51% and a negative net margin of 0.62%. The business had revenue of $46.91 billion for the quarter, compared to analyst estimates of $40.12 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts expect that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 16th will be paid a $0.48 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.92 dividend on an annualized basis and a yield of 6.14%. BP’s payout ratio is presently -413.04%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group lowered shares of BP from a “buy” rating to a “neutral” rating in a research note on Thursday, April 10th. TD Securities reiterated a “hold” rating and issued a $36.00 price objective (down previously from $40.00) on shares of BP in a research note on Wednesday, March 19th. Piper Sandler dropped their price objective on shares of BP from $35.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of BP from $34.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen lowered shares of BP from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.28.

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.