Wright Investors Service Inc. boosted its holdings in BP plc (NYSE:BP) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,884 shares of the oil and gas exploration company’s stock after buying an additional 910 shares during the period. Wright Investors Service Inc.’s holdings in BP were worth $662,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of BP. Focused Wealth Management Inc acquired a new stake in BP in the 2nd quarter worth about $25,000. Ellis Investment Partners LLC acquired a new stake in BP in the 1st quarter worth about $29,000. Marino Stram & Associates LLC boosted its stake in BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 277 shares during the last quarter. Horan Capital Advisors LLC. acquired a new stake in BP in the 1st quarter worth about $35,000. Finally, Bray Capital Advisors boosted its stake in BP by 91.7% in the 1st quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 389 shares during the last quarter. 11.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target on the stock. in a research note on Wednesday, July 10th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and raised their price target for the stock from $46.30 to $48.60 in a research note on Wednesday, July 31st. Finally, ValuEngine lowered BP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.89.
Shares of BP stock traded down $0.35 during trading hours on Thursday, reaching $35.91. The stock had a trading volume of 495,944 shares, compared to its average volume of 9,346,120. The business’s 50 day simple moving average is $39.64. The firm has a market capitalization of $122.59 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.77. BP plc has a 1 year low of $36.15 and a 1 year high of $47.16.
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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