Capital Advisors Inc. OK Acquires 4,430 Shares of BP plc (NYSE:BP)

Capital Advisors Inc. OK lifted its holdings in shares of BP plc (NYSE:BP) by 24.7% during the second quarter, HoldingsChannel reports. The firm owned 22,380 shares of the oil and gas exploration company’s stock after purchasing an additional 4,430 shares during the quarter. Capital Advisors Inc. OK’s holdings in BP were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ellis Investment Partners LLC raised its stake in BP by 68.5% in the 2nd quarter. Ellis Investment Partners LLC now owns 1,230 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 500 shares during the period. JNBA Financial Advisors raised its stake in BP by 109.1% in the 2nd quarter. JNBA Financial Advisors now owns 1,246 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 650 shares during the period. Solstein Capital LLC bought a new stake in BP in the 1st quarter valued at about $32,000. Sound Income Strategies LLC raised its stake in BP by 48.1% in the 2nd quarter. Sound Income Strategies LLC now owns 1,407 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 457 shares during the period. Finally, Campbell Wealth Management bought a new stake in BP in the 2nd quarter valued at about $43,000. Institutional investors own 8.51% of the company’s stock.

BP stock traded up $0.30 during midday trading on Wednesday, hitting $19.96. The company had a trading volume of 14,628,727 shares, compared to its average volume of 13,299,696. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.87. BP plc has a 52 week low of $15.51 and a 52 week high of $40.08. The stock’s 50 day moving average price is $21.87 and its 200 day moving average price is $23.51. The stock has a market cap of $66.38 billion, a price-to-earnings ratio of -3.06 and a beta of 0.71.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas exploration company reported ($1.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.99) by ($0.99). BP had a negative net margin of 9.45% and a negative return on equity of 1.14%. The company had revenue of $31.68 billion during the quarter, compared to the consensus estimate of $38.70 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was down 56.4% compared to the same quarter last year. Analysts predict that BP plc will post -1.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 14th will be given a $0.31 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.24 annualized dividend and a yield of 6.21%. BP’s payout ratio is currently 42.03%.

A number of research firms have weighed in on BP. Barclays reaffirmed an “overweight” rating on shares of BP in a report on Wednesday, July 1st. DZ Bank reaffirmed a “sell” rating on shares of BP in a report on Monday, June 15th. Piper Sandler raised BP from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $31.00 in a report on Monday, August 17th. Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of BP in a report on Wednesday. Four analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.74.

BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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