BP plc ADR (NYSE:BP) has a beta value of 0.68 and has seen 12.84 million shares traded in the last trading session. The company, currently valued at $108.50B, closed the last trade at $38.91 per share which meant it gained $0.25 on the day or 0.65% during that session. The BP stock price is -4.96% off its 52-week high price of $40.84 and 13.85% above the 52-week low of $33.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.04 million shares traded. The 3-month trading volume is 8.89 million shares.
BP plc ADR (NYSE:BP) trade information
Sporting 0.65% in the green in last session, the stock has traded in the green over the last five days, when the BP stock price touched $38.91 or saw a rise of 0.71%. Year-to-date, BP plc ADR shares have moved 9.92%, while the 5-day performance has seen it change 2.56%. Over the past 30 days, the shares of BP plc ADR (NYSE:BP) have changed 6.81%. Short interest in the company has seen 6.03 million shares shorted with days to cover at 0.82.
BP plc ADR (BP) estimates and forecasts
Figures show that BP plc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 6.87% over the past 6 months, with this year growth rate of 3.14%, compared to 2.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -32.10% and 16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of $55.97 billion for the current quarter. 3 have an estimated revenue figure of $58.44 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $56.95 billion and $49.48 billion respectively for this quarter and the next, and analysts expect sales will shrink by -1.70% for the current quarter and 18.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 13.32% over the past 5 years.
BP Dividends
BP plc ADR is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.71 at a share yield of 4.38%. The company’s dividend yield has gone up over the past 12 months.
BP plc ADR (NYSE:BP)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 11.71% with a share float percentage of 11.71%. Investors are also buoyed by the number of investors in a company, with BP plc ADR having a total of 1,308 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 22.6 million shares worth more than $797.4 million. As of Jun 29, 2023, State Street Corporation held 0.79% of shares outstanding.
The other major institutional holder is Arrowstreet Capital, Limited Partnership, with the holding of over 21.42 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $756.08 million and represent 0.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Franklin Custodian Funds-Income Fund and DFA International Core Equity Portfolio. As of Jun 29, 2023, the former fund manager holds about 0.15% shares in the company for having 4.3 million shares of worth $151.75 million while later fund manager owns 3.57 million shares of worth $133.23 million as of Jul 30, 2023, which makes it owner of about 0.13% of company’s outstanding stock.
