Anchor Investment Management LLC Has $143,000 Position in BP p.l.c. (NYSE:BP)

Anchor Investment Management LLC raised its holdings in shares of BP p.l.c. (NYSE:BP) by 55.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,841 shares of the oil and gas exploration company’s stock after acquiring an additional 1,721 shares during the period. Anchor Investment Management LLC’s holdings in BP were worth $143,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BP. Versant Capital Management Inc increased its stake in BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 646 shares in the last quarter. Bank & Trust Co grew its holdings in shares of BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,700 shares during the period. ST Germain D J Co. Inc. increased its position in shares of BP by 77.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 8,073 shares of the oil and gas exploration company’s stock valued at $239,000 after buying an additional 3,524 shares in the last quarter. Atlas Brown Inc. lifted its holdings in BP by 1.2% during the fourth quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock worth $1,104,000 after acquiring an additional 437 shares in the last quarter. Finally, Winch Advisory Services LLC grew its stake in BP by 18.7% in the fourth quarter. Winch Advisory Services LLC now owns 12,772 shares of the oil and gas exploration company’s stock valued at $378,000 after acquiring an additional 2,011 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BP. Morgan Stanley cut their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group cut shares of BP from a “buy” rating to a “neutral” rating in a report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. TD Cowen cut BP from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Wednesday, March 19th. Finally, Scotiabank cut their price target on BP from $34.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.73.

BP Price Performance

NYSE:BP opened at $27.64 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $32.15 and a 200 day simple moving average of $31.00. BP p.l.c. has a 1-year low of $25.22 and a 1-year high of $39.73. The stock has a market capitalization of $75.04 billion, a PE ratio of 345.54, a P/E/G ratio of 1.12 and a beta of 0.41.

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

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 6.95%. The ex-dividend date was Friday, February 21st. BP’s dividend payout ratio is 2,375.00%.

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.