BP p.l.c. (NYSE:BP) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its stake in shares of BP p.l.c. (NYSE:BP) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,500 shares of the oil and gas exploration company’s stock after purchasing an additional 1,254 shares during the quarter. Hexagon Capital Partners LLC’s holdings in BP were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BP. Missouri Trust & Investment Co lifted its stake in BP by 400.0% during the first 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 during the last quarter. Mascagni Wealth Management Inc. acquired a new position in BP in the fourth quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of BP by 580.8% during the first 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. MorganRosel Wealth Management LLC purchased a new stake in shares of BP in the 1st quarter valued at about $81,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of BP in the 1st quarter valued at about $87,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Price Performance

Shares of NYSE:BP opened at $30.90 on Friday. BP p.l.c. has a 52 week low of $25.22 and a 52 week high of $36.82. The company has a 50-day moving average price of $29.74 and a 200 day moving average price of $30.77. The company has a market cap of $83.04 billion, a P/E ratio of -67.17, a PEG ratio of 1.98 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 posted 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). The business had revenue of $46.91 billion during the quarter, compared to analyst estimates of $40.12 billion. BP had a negative net margin of 0.62% and a positive return on equity of 9.51%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. Research analysts predict that BP p.l.c. will post 3.53 earnings per share for the current year.

BP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, May 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.21%. BP’s dividend payout ratio (DPR) is presently -413.04%.

Analyst Upgrades and Downgrades

BP has been the subject of a number of research reports. Scotiabank reduced their price objective on BP from $34.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. TD Cowen downgraded shares of BP from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research report on Wednesday, March 19th. UBS Group downgraded shares of BP from a “buy” rating to a “neutral” rating in a research report on Thursday, April 10th. TD Securities reaffirmed a “hold” rating and issued a $36.00 target price (down from $40.00) on shares of BP in a report on Wednesday, March 19th. Finally, Jefferies Financial Group set a $29.00 target price on shares of BP and gave the stock a “hold” rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, BP presently has an average rating of “Hold” and a consensus price target of $34.72.

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.