Brand Asset Management Group Inc. purchased a new position in shares of BP plc (NYSE:BP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the oil and gas exploration company’s stock, valued at approximately $83,000.
Several other large investors have also made changes to their positions in BP. Horan Capital Advisors LLC. acquired a new position in shares of BP during the first quarter worth about $35,000. Columbia Asset Management lifted its stake in shares of BP by 12.6% in the first quarter. Columbia Asset Management now owns 52,569 shares of the oil and gas exploration company’s stock worth $2,298,000 after acquiring an additional 5,863 shares in the last quarter. Global Financial Private Capital LLC lifted its stake in shares of BP by 2.8% in the first quarter. Global Financial Private Capital LLC now owns 344,110 shares of the oil and gas exploration company’s stock worth $15,045,000 after acquiring an additional 9,341 shares in the last quarter. Simmons Bank lifted its stake in shares of BP by 6.5% in the first quarter. Simmons Bank now owns 34,453 shares of the oil and gas exploration company’s stock worth $1,506,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its stake in shares of BP by 1,882.3% in the second quarter. Global Trust Asset Management LLC now owns 19,823 shares of the oil and gas exploration company’s stock worth $61,000 after acquiring an additional 18,823 shares in the last quarter. 10.88% of the stock is owned by institutional investors and hedge funds.
BP stock traded up $0.09 during mid-day trading on Monday, hitting $36.30. 4,856,654 shares of the company’s stock were exchanged, compared to its average volume of 5,796,133. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65. BP plc has a 1-year low of $35.73 and a 1-year high of $47.16. The stock has a 50 day moving average of $38.39 and a two-hundred day moving average of $41.63. The stock has a market cap of $122.09 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.16 and a beta of 0.74.BP (NYSE:BP) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.05. BP had a net margin of 2.97% and a return on equity of 12.12%. The company had revenue of $73.75 billion during the quarter, compared to analysts’ expectations of $79.79 billion. As a group, research analysts predict that BP plc will post 3.13 EPS for the current fiscal year.
BP has been the subject of several research analyst reports. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and upped their target price for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. ValuEngine lowered BP from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective for the company. in a report on Wednesday, July 10th. Finally, BMO Capital Markets initiated coverage on BP in a report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $52.04.
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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