BP p.l.c. $BP Stock Acquired by Delta Capital Management LLC

Delta Capital Management LLC increased its position in shares of BP p.l.c. (NYSE:BP) by 18.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 73,340 shares of the oil and gas exploration company’s stock after purchasing an additional 11,320 shares during the period. BP accounts for 1.0% of Delta Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Delta Capital Management LLC’s holdings in BP were worth $3,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BP. Frank Rimerman Advisors LLC raised its position in BP by 2.4% during the third quarter. Frank Rimerman Advisors LLC now owns 23,166 shares of the oil and gas exploration company’s stock worth $1,019,000 after acquiring an additional 549 shares in the last quarter. Avail Investment Partners LLC acquired a new stake in BP in the third quarter valued at $213,000. TD Waterhouse Canada Inc. grew its position in shares of BP by 611.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 111,585 shares of the oil and gas exploration company’s stock valued at $4,966,000 after acquiring an additional 95,896 shares during the period. ARS Wealth Advisors Group LLC bought a new position in shares of BP in the 3rd quarter valued at about $205,000. Finally, Goelzer Investment Management Inc. increased its stake in shares of BP by 94.8% during the 3rd quarter. Goelzer Investment Management Inc. now owns 13,780 shares of the oil and gas exploration company’s stock worth $606,000 after purchasing an additional 6,706 shares during the last quarter. 11.01% of the stock is owned by institutional investors.

BP Trading Up 3.5%

BP stock opened at $50.14 on Friday. BP p.l.c. has a one year low of $32.88 and a one year high of $50.27. The stock has a market cap of $131.36 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 0.48 and a beta of 0.20. The company has a fifty day moving average price of $44.63 and a two-hundred day moving average price of $43.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.95.

BP (NYSE:BP) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to analyst estimates of $57.89 billion. BP had a net margin of 2.49% and a return on equity of 16.63%. The company’s revenue was up 106.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. Equities analysts anticipate that BP p.l.c. will post 7.73 EPS for the current year.

BP Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BP. Morgan Stanley reaffirmed an “overweight” rating on shares of BP in a report on Friday, September 4th. Evercore upgraded BP to an “outperform” rating in a report on Monday, October 5th. Oppenheimer started coverage on BP in a research report on Thursday, October 1st. They set an “outperform” rating on the stock. Weiss Ratings raised BP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Barclays restated an “overweight” rating on shares of BP in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.31.

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.