Madison Park Capital Advisors LLC Purchases Shares of 6,385 BP p.l.c. (NYSE:BP)

Madison Park Capital Advisors LLC purchased a new stake in BP p.l.c. (NYSE:BP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,385 shares of the oil and gas exploration company’s stock, valued at approximately $226,000.

A number of other hedge funds also recently made changes to their positions in the business. Hexagon Capital Partners LLC raised its stake in shares of BP by 5.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 7,083 shares of the oil and gas exploration company’s stock valued at $274,000 after buying an additional 345 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of BP by 5.6% during the 3rd quarter. Confluence Wealth Services Inc. now owns 10,962 shares of the oil and gas exploration company’s stock worth $424,000 after purchasing an additional 577 shares in the last quarter. Altrius Capital Management Inc increased its position in shares of BP by 0.4% during the 3rd quarter. Altrius Capital Management Inc now owns 184,220 shares of the oil and gas exploration company’s stock worth $7,133,000 after purchasing an additional 695 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of BP by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 39,053 shares of the oil and gas exploration company’s stock worth $1,382,000 after purchasing an additional 806 shares in the last quarter. Finally, 1ST Source Bank increased its position in shares of BP by 3.1% during the 3rd quarter. 1ST Source Bank now owns 30,519 shares of the oil and gas exploration company’s stock worth $1,182,000 after purchasing an additional 915 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BP. Wells Fargo & Company increased their target price on shares of BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and increased their target price for the stock from $38.60 to $42.30 in a research report on Monday, March 4th. Scotiabank increased their price objective on shares of BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Raymond James increased their price objective on shares of BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Erste Group Bank raised shares of BP from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, BP has a consensus rating of “Hold” and a consensus target price of $43.72.

BP Trading Up 1.0 %

Shares of NYSE BP traded up $0.38 during mid-day trading on Tuesday, hitting $39.29. The company’s stock had a trading volume of 11,728,945 shares, compared to its average volume of 9,574,355. The stock has a market cap of $110.65 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94. BP p.l.c. has a one year low of $33.52 and a one year high of $40.84. The company’s fifty day simple moving average is $37.29 and its 200-day simple moving average is $36.50.

BP (NYSE:BP) last issued its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.11. The company had revenue of $52.14 billion for the quarter, compared to analyst estimates of $53.14 billion. BP had a net margin of 7.15% and a return on equity of 16.00%. The company’s revenue for the quarter was down 24.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. On average, sell-side analysts anticipate that BP p.l.c. will post 4.94 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 16th were paid a dividend of $0.4362 per share. This represents a $1.74 annualized dividend and a yield of 4.44%. The ex-dividend date was Thursday, February 15th. BP’s payout ratio is 33.79%.

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.