7,389 Shares in BP plc (NYSE:BP) Acquired by Strategic Advisors LLC

Strategic Advisors LLC bought a new stake in shares of BP plc (NYSE:BP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,389 shares of the oil and gas exploration company’s stock, valued at approximately $281,000.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of BP by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 12,277,802 shares of the oil and gas exploration company’s stock worth $511,984,000 after buying an additional 111,556 shares during the last quarter. BlackRock Inc. boosted its stake in BP by 0.7% during the 2nd quarter. BlackRock Inc. now owns 12,227,888 shares of the oil and gas exploration company’s stock valued at $509,903,000 after purchasing an additional 86,190 shares during the last quarter. Bank of America Corp DE boosted its stake in BP by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 12,186,512 shares of the oil and gas exploration company’s stock valued at $508,178,000 after purchasing an additional 226,891 shares during the last quarter. Morgan Stanley boosted its stake in BP by 7.2% during the 2nd quarter. Morgan Stanley now owns 10,754,114 shares of the oil and gas exploration company’s stock valued at $448,447,000 after purchasing an additional 724,078 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in BP by 15.7% during the 2nd quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock valued at $446,003,000 after purchasing an additional 1,452,653 shares during the last quarter. Institutional investors own 10.78% of the company’s stock.

Shares of NYSE:BP traded down $0.13 during trading hours on Friday, hitting $39.19. 6,955,769 shares of the company’s stock traded hands, compared to its average volume of 6,209,801. The business has a fifty day moving average price of $38.15 and a 200-day moving average price of $39.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. BP plc has a 1 year low of $35.73 and a 1 year high of $45.38. The firm has a market capitalization of $133.51 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75.

Several brokerages have commented on BP. BMO Capital Markets initiated coverage on BP in a research note on Tuesday, August 20th. They set an “outperform” rating and a $53.00 target price on the stock. Kepler Capital Markets reaffirmed a “buy” rating and issued a $650.00 target price on shares of BP in a report on Wednesday, October 30th. Societe Generale reduced their target price on BP from $570.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Monday, October 28th. Finally, Barclays dropped their price target on BP from $700.00 to $650.00 and set an “overweight” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. BP presently has a consensus rating of “Buy” and an average target price of $273.43.

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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Institutional Ownership by Quarter for BP (NYSE:BP)

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