SG Americas Securities LLC Has $676,000 Holdings in BP p.l.c. (NYSE:BP)

SG Americas Securities LLC reduced its position in BP p.l.c. (NYSE:BP) by 65.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,880 shares of the oil and gas exploration company’s stock after selling 43,584 shares during the quarter. SG Americas Securities LLC’s holdings in BP were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its stake in BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock worth $19,526,000 after acquiring an additional 14,436 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in BP by 5.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after purchasing an additional 23,325 shares in the last quarter. Captrust Financial Advisors boosted its position in BP by 1.2% in the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock valued at $13,842,000 after buying an additional 5,150 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of BP by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock worth $10,795,000 after buying an additional 12,700 shares during the last quarter. Finally, Altrius Capital Management Inc increased its holdings in shares of BP by 9.9% during the third quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after buying an additional 20,976 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

BP has been the topic of a number of research reports. BNP Paribas lowered BP from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 9th. Piper Sandler reduced their price target on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Raymond James boosted their target price on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Morgan Stanley dropped their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Twelve research analysts have rated the stock with a hold rating, four have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.76.

BP Stock Performance

BP stock opened at $31.58 on Friday. BP p.l.c. has a 1-year low of $27.82 and a 1-year high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $30.04 and a 200-day moving average price of $31.55. The firm has a market cap of $85.22 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.64.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. BP had a return on equity of 12.91% and a net margin of 1.36%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 earnings per share. As a group, equities research analysts expect that BP p.l.c. will post 3.35 earnings per share for the current year.

BP 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.