Schechter Investment Advisors LLC Sells 13,000 Shares of BP p.l.c. (NYSE:BP)

Schechter Investment Advisors LLC reduced its stake in BP p.l.c. (NYSE:BP) by 51.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,115 shares of the oil and gas exploration company’s stock after selling 13,000 shares during the quarter. Schechter Investment Advisors LLC’s holdings in BP were worth $358,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Asset Planning Inc purchased a new stake in shares of BP in the fourth quarter valued at about $40,000. Bank & Trust Co lifted its position in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 1,700 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after buying an additional 646 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of BP by 58.7% during the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in BP by 1,867.9% during the fourth quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after acquiring an additional 7,565 shares during the period. 11.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BP has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Piper Sandler lowered their price objective on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. DZ Bank downgraded shares of BP from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. StockNews.com downgraded BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Raymond James raised their target price on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.26.

BP Stock Up 1.4 %

BP stock opened at $31.90 on Thursday. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The firm has a market capitalization of $85.39 billion, a PE ratio of 398.74, a PEG ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. The stock has a 50-day simple moving average of $31.99 and a two-hundred day simple moving average of $31.32.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. On average, equities analysts predict that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Friday, February 21st. BP’s payout ratio is 2,375.00%.

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.