Altrius Capital Management Inc Buys 4,575 Shares of BP p.l.c. (NYSE:BP)

Altrius Capital Management Inc increased its position in shares of BP p.l.c. (NYSE:BP) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,800 shares of the oil and gas exploration company’s stock after acquiring an additional 4,575 shares during the quarter. BP comprises approximately 2.0% of Altrius Capital Management Inc’s investment portfolio, making the stock its 14th biggest holding. Altrius Capital Management Inc’s holdings in BP were worth $7,682,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BP. LRI Investments LLC acquired a new stake in shares of BP during the first quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BP in the second quarter valued at approximately $33,000. Quent Capital LLC bought a new stake in shares of BP during the second quarter worth $38,000. Guardian Wealth Management Inc. boosted its stake in BP by 576.0% in the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company’s stock worth $40,000 after purchasing an additional 962 shares during the period. Finally, Independence Bank of Kentucky raised its stake in shares of BP by 85.7% in the 2nd quarter. Independence Bank of Kentucky now owns 1,300 shares of the oil and gas exploration company’s stock valued at $47,000 after purchasing an additional 600 shares during the period. Institutional investors own 11.01% of the company’s stock.

BP Stock Performance

BP opened at $32.43 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. BP p.l.c. has a 12-month low of $30.67 and a 12-month high of $40.84. The business has a 50 day moving average of $33.79 and a 200-day moving average of $36.06. The stock has a market cap of $89.84 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 3.96 and a beta of 0.64.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $47.30 billion during the quarter, compared to analysts’ expectations of $55.82 billion. BP had a net margin of 3.60% and a return on equity of 13.83%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. On average, equities research analysts expect that BP p.l.c. will post 3.96 earnings per share for the current year.

BP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 9th will be issued a $0.48 dividend. This is a boost from BP’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Friday, August 9th. BP’s dividend payout ratio is currently 59.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BP shares. StockNews.com downgraded BP from a “buy” rating to a “hold” rating in a report on Tuesday. Argus upgraded shares of BP to a “hold” rating in a report on Thursday, August 1st. HSBC cut shares of BP from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Hsbc Global Res raised shares of BP to a “hold” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley downgraded BP from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $49.90 to $41.50 in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.23.

About BP

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.