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BP p.l.c. (NYSE:BP) Short Interest Update


BP p.l.c. (NYSE:BP) Short Interest Update

BP p.l.c. (NYSE:BP - Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 8,360,000 shares, a drop of 29.2% from the November 15th total of 11,810,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 9,770,000 shares, the short-interest ratio is presently 0.9 days.

Shares of BP traded down $0.17 on Friday, reaching $29.98. 7,192,312 shares of the company's stock traded hands, compared to its average volume of 8,693,406. The stock's 50 day simple moving average is $30.15 and its two-hundred day simple moving average is $32.91. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. BP has a 52-week low of $27.82 and a 52-week high of $40.40. The stock has a market cap of $80.55 billion, a PE ratio of 31.75, a PEG ratio of 2.13 and a beta of 0.64.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. BP had a return on equity of 12.91% and a net margin of 1.36%. The company had revenue of $47.25 billion during the quarter, compared to analyst estimates of $52.05 billion. During the same quarter last year, the firm posted $1.15 EPS. The firm's revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts forecast that BP will post 3.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 8th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Friday, November 8th. BP's dividend payout ratio (DPR) is presently 200.00%.

Several research firms recently weighed in on BP. The Goldman Sachs Group upgraded BP to a "strong-buy" rating in a research note on Friday, October 11th. StockNews.com raised shares of BP from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Wells Fargo & Company decreased their price target on shares of BP from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday. Redburn Atlantic downgraded shares of BP from a "buy" rating to a "neutral" rating in a research note on Tuesday, September 24th. Finally, Scotiabank cut shares of BP from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $42.00 to $36.00 in a research note on Thursday, October 10th. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.48.

Read Our Latest Report on BP

Large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC lifted its stake in BP by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 646,102 shares of the oil and gas exploration company's stock worth $20,281,000 after purchasing an additional 16,534 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in BP by 5.4% in the third 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 buying an additional 23,325 shares in the last quarter. Captrust Financial Advisors grew its position in BP by 1.2% during 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 acquiring an additional 5,150 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of BP by 3.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 429,773 shares of the oil and gas exploration company's stock worth $15,515,000 after acquiring an additional 13,984 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of BP by 2.2% in the 2nd quarter. Gabelli Funds LLC now owns 360,050 shares of the oil and gas exploration company's stock valued at $12,998,000 after purchasing an additional 7,850 shares in the last quarter. Institutional investors own 11.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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