BP (NYSE:BP) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 5,404,566 shares, a decline of 32.0% from the April 13th total of 7,945,121 shares. Based on an average daily trading volume, of 6,168,260 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elmwood Wealth Management Inc. acquired a new position in BP during the 1st quarter worth about $107,000. Itau Unibanco Holding S.A. lifted its position in BP by 121.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 1,502 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in BP during the 4th quarter worth about $129,000. Truewealth LLC acquired a new position in BP during the 4th quarter worth about $138,000. Finally, Smart Portfolios LLC acquired a new position in BP during the 1st quarter worth about $142,000. Institutional investors and hedge funds own 10.25% of the company’s stock.

Shares of NYSE:BP opened at $46.71 on Thursday. BP has a 52 week low of $46.44 and a 52 week high of $46.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.13. The firm has a market capitalization of $153.57 billion, a PE ratio of 24.85, a PEG ratio of 1.05 and a beta of 0.89.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas exploration company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.11. The business had revenue of $68.17 billion for the quarter, compared to the consensus estimate of $69.40 billion. BP had a net margin of 1.71% and a return on equity of 7.22%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. sell-side analysts forecast that BP will post 3.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, May 11th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $2.40 annualized dividend and a yield of 5.14%. BP’s dividend payout ratio (DPR) is 126.60%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research note on Friday, May 4th. Vetr downgraded shares of BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target on the stock. in a research note on Monday, March 12th. ValuEngine upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. TheStreet downgraded shares of BP from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Finally, Scotiabank restated a “buy” rating and issued a $47.00 target price on shares of BP in a research note on Monday, April 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.22.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.