Buy, Sell Or Hold BP plc ADR (NYSE:BP) At $36.33?

In recent trading session, BP plc ADR (NYSE:BP) saw 1.91 million shares changing hands at last check today with its beta currently measuring 0.68. Company’s recent per share price level of $36.33 trading at $0.12 or 0.33% at last check today assigns it a market valuation of $102.17B. That most recent trading price of BP’s stock is at a discount of -13.9% from its 52-week high price of $41.38 and is indicating a premium of 7.73% from its 52-week low price of $33.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.65 million shares which gives us an average trading volume of 8.64 million if we extend that period to 3-months.

BP plc ADR (NYSE:BP) trade information

Upright in the green today for gaining 0.33%, in the last five days BP remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $36.33 price level, adding 0.93% to its value on the day. BP plc ADR’s shares saw a change of 2.63% in year-to-date performance and have moved 4.88% in past 5-day. BP plc ADR (NYSE:BP) showed a performance of 4.70% in past 30-days. Number of shares sold short was 5.37 million shares which calculate 0.7 days to cover the short interests.

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BP plc ADR (BP) estimates and forecasts

Statistics highlight that BP plc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -2.02% of value to its shares in past 6 months, showing an annual growth rate of 4.18% while that of industry is -3.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -37.00% in the current quarter and calculating 14.40% increase in the next quarter. This year revenue growth is estimated to fall -1.40% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $55.88 billion for the same. And 3 analysts are in estimates of company making revenue of $58.24 billion in the next quarter that will end on Jun 2024. Company posted $56.95 billion and $54.48 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -1.90% while estimating it to be 6.90% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.32% during past 5 years.

BP Dividends

BP plc ADR is more likely to be releasing its next quarterly report in March and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

BP plc ADR (NYSE:BP)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 11.84 percent of that, with stock having share float percentage of 11.84%. Investors also watch the number of corporate investors in a company very closely, which is 11.84% institutions for BP plc ADR that are currently holding shares of the company. State Street Corporation is the top institutional holder at BP for having 22.6 million shares of worth $797.4 million. And as of Jun 29, 2023, it was holding 0.79% of the company’s outstanding shares.

The second largest institutional holder is Arrowstreet Capital, Limited Partnership, which was holding about 21.42 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.75% of outstanding shares, having a total worth of $756.08 million.

On the other hand, Franklin Custodian Funds-Income Fund and DFA International Core Equity Portfolio are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 4.3 million shares of worth $151.75 million or 0.15% of the total outstanding shares. The later fund manager was in possession of 3.57 million shares on Jul 30, 2023, making its stake of worth around $133.23 million in the company or a holder of 0.13% of company’s stock.

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