BP p.l.c. $BP Shares Newly Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new stake in BP p.l.c. (NYSE:BP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,073 shares of the oil and gas exploration company’s stock, valued at approximately $2,071,000.

A number of other hedge funds have also recently modified their holdings of BP. Russell Investments Group Ltd. raised its position in BP by 15.8% during the second quarter. Russell Investments Group Ltd. now owns 1,410,714 shares of the oil and gas exploration company’s stock valued at $52,307,000 after acquiring an additional 192,211 shares in the last quarter. Readystate Asset Management LP lifted its holdings in BP by 322.4% in the second quarter. Readystate Asset Management LP now owns 619,670 shares of the oil and gas exploration company’s stock valued at $22,897,000 after acquiring an additional 472,974 shares during the period. Kahn Brothers Group Inc. purchased a new stake in BP in the 2nd quarter worth approximately $23,094,000. Global Retirement Partners LLC acquired a new stake in shares of BP during the 2nd quarter worth approximately $1,592,000. Finally, denkapparat Operations GmbH acquired a new stake in shares of BP during the 2nd quarter worth approximately $1,351,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP expects third-quarter net debt of approximately $13.5 billion-$14.5 billion, down from $22.3 billion in the second quarter. The reduction reportedly brings its 2027 debt target forward and was viewed favorably by UBS, which estimates debt could come in $4 billion below its prior forecast and retains a “buy” rating with a 700p price target. UBS raises BP forecasts as debt set to fall $4 billion below expectations
• Positive Sentiment: Refining margins are expected to average about $46.7 per barrel, while gas trading and stronger-than-expected upstream production should support third-quarter earnings despite weaker crude prices. BP Unveils Q3’26 Outlook With Lower Debt & Stronger Refining Margins
• Positive Sentiment: Higher oil prices, linked partly to Middle East supply and security concerns, are improving the backdrop for BP’s upstream business. Analysts at Erste Group also raised their BP earnings forecasts to $7.38 per share for fiscal 2026 and $5.04 for fiscal 2027. BP earnings estimate revisions
• Neutral Sentiment: BP’s shares are at a 52-week high, prompting investors to assess whether the improved balance sheet and energy-market conditions can support further gains after the strong recovery. BP Hits Fresh High: Is There Still Room to Run?
• Neutral Sentiment: New CEO Meg O’Neill is expected to present an updated strategy in December, giving investors a potential catalyst but also leaving uncertainty about BP’s portfolio direction. BP Plans Strategy Update as Balance Sheet Strengthens
• Negative Sentiment: BP expects up to $4.5 billion in impairments, primarily affecting gas and low-carbon assets. The charges highlight potential weakness in those businesses and partly offset the benefit of debt reduction and stronger refining performance. BP expects up to $4.5B in Q3 impairments

Wall Street Analyst Weigh In

BP has been the subject of several recent research reports. Needham & Company LLC began coverage on shares of BP in a report on Thursday, October 1st. They set a “hold” rating for the company. Piper Sandler increased their price target on shares of BP from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Freedom Capital upgraded shares of BP from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 6th. Wells Fargo & Company raised shares of BP from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $57.00 in a report on Wednesday, September 30th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of BP in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.44.

BP Price Performance

BP traded up $0.24 during trading on Wednesday, hitting $48.77. The company’s stock had a trading volume of 9,883,492 shares, compared to its average volume of 10,833,230. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. BP p.l.c. has a twelve month low of $32.72 and a twelve month high of $48.98. The business’s fifty day simple moving average is $44.19 and its 200 day simple moving average is $43.55. The firm has a market capitalization of $127.75 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 0.48 and a beta of 0.20.

BP (NYSE:BP) last announced its earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.35. BP had a return on equity of 16.63% and a net margin of 2.49%. The business had revenue of $69.11 billion during the quarter, compared to the consensus estimate of $57.89 billion. During the same period in the prior year, the company posted $0.90 EPS. The business’s quarterly revenue was up 106.1% on a year-over-year basis. On average, equities research analysts forecast that BP p.l.c. will post 7.43 EPS for the current fiscal year.

BP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were issued a $0.5196 dividend. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, August 14th. This is a positive change from BP’s previous quarterly dividend of $0.4992. BP’s payout ratio is presently 100.49%.

About BP

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.