Transcend Capital Advisors LLC Has $1.39 Million Stock Holdings in BP p.l.c. (NYSE:BP)

Transcend Capital Advisors LLC lifted its position in shares of BP p.l.c. (NYSE:BP) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,205 shares of the oil and gas exploration company’s stock after purchasing an additional 1,402 shares during the period. Transcend Capital Advisors LLC’s holdings in BP were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of BP during the 4th quarter worth about $123,000. TIAA Trust National Association acquired a new position in BP in the 3rd quarter valued at about $1,122,000. Anchor Investment Management LLC acquired a new position in BP in the 4th quarter valued at about $70,000. Monograph Wealth Advisors LLC acquired a new position in BP in the 3rd quarter valued at about $1,163,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in BP in the 4th quarter valued at about $290,000. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on BP shares. Wells Fargo & Company upped their price target on shares of BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. TD Securities upped their price target on shares of BP from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James boosted their price objective on shares of BP from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Scotiabank boosted their price objective on shares of BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Finally, Piper Sandler boosted their price objective on shares of BP from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.72.

BP Price Performance

Shares of BP stock traded down $0.15 on Friday, reaching $39.47. 6,807,166 shares of the stock were exchanged, compared to its average volume of 11,577,858. The firm’s 50 day moving average is $37.52 and its 200-day moving average is $36.53. BP p.l.c. has a one year low of $33.52 and a one year high of $40.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.21. The firm has a market cap of $111.16 billion, a PE ratio of 7.75, a P/E/G ratio of 2.71 and a beta of 0.68.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The company had revenue of $52.14 billion during the quarter, compared to the consensus estimate of $53.14 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The firm’s quarterly revenue was down 24.7% on a year-over-year basis. As a group, analysts anticipate that BP p.l.c. will post 5.02 EPS for the current fiscal year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 16th were given a dividend of $0.4362 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Thursday, February 15th. BP’s dividend payout ratio is 33.79%.

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.