Traders Buy High Volume of BP Call Options (BP)

BP (NYSE:BP) saw some unusual options trading on Thursday. Investors acquired 253,542 call options on the company. This is an increase of 1,033% compared to the typical daily volume of 22,369 call options.

Shares of BP stock opened at $45.83 on Friday. The company has a market capitalization of $154.83 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89. BP has a fifty-two week low of $45.80 and a fifty-two week high of $46.04. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.13.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, May 1st. The oil and gas exploration company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.11. The firm had revenue of $68.17 billion for the quarter, compared to analyst estimates of $69.40 billion. BP had a return on equity of 7.22% and a net margin of 1.71%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. research analysts forecast that BP will post 3.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, May 11th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.24%. BP’s dividend payout ratio is currently 94.68%.

Several research firms recently issued reports on BP. Zacks Investment Research upgraded BP from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Friday, May 4th. Vetr lowered BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price target on the stock. in a research report on Monday, March 12th. ValuEngine upgraded BP from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Macquarie upgraded BP from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 26th. Finally, TheStreet lowered BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $44.22.

Several hedge funds have recently modified their holdings of BP. Elmwood Wealth Management Inc. bought a new stake in shares of BP during the first quarter valued at approximately $107,000. Stonehearth Capital Management LLC bought a new stake in shares of BP during the fourth quarter valued at approximately $115,000. Itau Unibanco Holding S.A. boosted its position in shares of BP by 121.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after purchasing an additional 1,502 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of BP during the fourth quarter valued at approximately $129,000. Finally, Truewealth LLC bought a new stake in shares of BP during the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 10.20% of the company’s stock.

BP Company 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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