Calton & Associates Inc. Increases Holdings in BP plc (NYSE:BP)

Calton & Associates Inc. raised its holdings in shares of BP plc (NYSE:BP) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,981 shares of the oil and gas exploration company’s stock after acquiring an additional 674 shares during the quarter. Calton & Associates Inc.’s holdings in BP were worth $666,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BP. FMR LLC raised its holdings in BP by 18.6% during the first quarter. FMR LLC now owns 30,833,002 shares of the oil and gas exploration company’s stock valued at $1,348,019,000 after acquiring an additional 4,832,518 shares during the period. BlackRock Inc. raised its holdings in BP by 51.5% during the first quarter. BlackRock Inc. now owns 12,141,698 shares of the oil and gas exploration company’s stock valued at $530,835,000 after acquiring an additional 4,126,312 shares during the period. PNC Financial Services Group Inc. raised its holdings in BP by 80.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,652,922 shares of the oil and gas exploration company’s stock valued at $159,705,000 after acquiring an additional 1,631,395 shares during the period. Wells Fargo & Company MN raised its holdings in BP by 20.9% during the first quarter. Wells Fargo & Company MN now owns 5,720,246 shares of the oil and gas exploration company’s stock valued at $250,090,000 after acquiring an additional 989,753 shares during the period. Finally, APG Asset Management N.V. raised its holdings in BP by 208.9% during the fourth quarter. APG Asset Management N.V. now owns 1,420,960 shares of the oil and gas exploration company’s stock valued at $47,135,000 after acquiring an additional 960,963 shares during the period. 11.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of BP stock opened at $36.05 on Friday. BP plc has a 12-month low of $35.73 and a 12-month high of $47.16. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $39.51 and its 200-day moving average price is $41.92. The stock has a market capitalization of $122.59 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74.

A number of research firms have commented on BP. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and raised their price target for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price on the stock. in a report on Wednesday, July 10th. Finally, ValuEngine cut BP from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.89.

About BP

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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Institutional Ownership by Quarter for BP (NYSE:BP)

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