FourThought Financial LLC Has $264,000 Position in BP p.l.c. (NYSE:BP)

FourThought Financial LLC reduced its stake in BP p.l.c. (NYSE:BP – Get Rating) by 10.4% in the 3rd quarter, Holdings Channel reports. The firm owned 9,253 shares of the oil and gas exploration company’s stock after selling 1,072 shares during the period. FourThought Financial LLC’s holdings in BP were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BP. Mach 1 Financial Group LLC acquired a new position in shares of BP during the third quarter worth approximately $28,000. Turim 21 Investimentos Ltda. acquired a new position in shares of BP during the first quarter worth approximately $30,000. CoreFirst Bank & Trust lifted its holdings in shares of BP by 63.8% during the second quarter. CoreFirst Bank & Trust now owns 1,613 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 628 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of BP by 14.9% during the third quarter. Trust Co. of Vermont now owns 3,089 shares of the oil and gas exploration company’s stock worth $88,000 after buying an additional 400 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of BP during the second quarter worth approximately $94,000. 9.30% of the stock is currently owned by institutional investors and hedge funds.

BP Price Performance

Shares of BP stock opened at $35.62 on Friday. The stock’s fifty day moving average is $37.69 and its 200-day moving average is $34.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 1.09. The stock has a market capitalization of $106.86 billion, a PE ratio of -56.54, a PEG ratio of 1.03 and a beta of 0.73. BP p.l.c. has a 52 week low of $25.36 and a 52 week high of $41.38.

BP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 17th will be issued a dividend of $0.3966 per share. This represents a $1.59 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Thursday, February 16th. This is a boost from BP’s previous quarterly dividend of $0.36. BP’s dividend payout ratio is presently -249.20%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein boosted their price objective on BP from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Morgan Stanley boosted their price objective on BP from GBX 636 ($7.75) to GBX 660 ($8.04) in a research report on Thursday, February 9th. JPMorgan Chase & Co. lowered their price objective on BP from GBX 560 ($6.83) to GBX 540 ($6.58) in a research report on Thursday, January 19th. Berenberg Bank cut BP from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. Finally, Wells Fargo & Company boosted their price objective on BP from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, BP currently has an average rating of “Moderate Buy” and a consensus price target of $369.93.

BP Profile

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BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing, and marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids.