BP plc (NYSE:BP) Shares Sold by Holderness Investments Co.

Holderness Investments Co. lowered its position in BP plc (NYSE:BP) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,256 shares of the oil and gas exploration company’s stock after selling 908 shares during the quarter. Holderness Investments Co.’s holdings in BP were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of BP by 0.9% during the second quarter. Renaissance Technologies LLC now owns 12,277,802 shares of the oil and gas exploration company’s stock valued at $511,984,000 after acquiring an additional 111,556 shares during the period. BlackRock Inc. increased its stake in shares of BP by 0.7% during the second quarter. BlackRock Inc. now owns 12,227,888 shares of the oil and gas exploration company’s stock valued at $509,903,000 after acquiring an additional 86,190 shares during the period. Bank of America Corp DE increased its stake in shares of BP by 1.9% during the second 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 acquiring an additional 226,891 shares during the period. Morgan Stanley increased its stake in shares of BP by 7.2% during the second quarter. Morgan Stanley now owns 10,754,114 shares of the oil and gas exploration company’s stock valued at $448,447,000 after acquiring an additional 724,078 shares during the period. Finally, Invesco Ltd. increased its stake in shares of BP by 15.7% during the second quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock valued at $446,003,000 after acquiring an additional 1,452,653 shares during the period. Institutional investors own 10.78% of the company’s stock.

A number of research analysts recently commented on the stock. Argus lowered shares of BP from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Credit Suisse Group cut shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price for the company. in a report on Wednesday, July 10th. Barclays reduced their target price on shares of BP from $700.00 to $650.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating on shares of BP in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $273.43.

NYSE:BP remained flat at $$39.40 during trading hours on Thursday. 3,176,856 shares of the company were exchanged, compared to its average volume of 7,760,013. The stock has a market cap of $133.65 billion, a P/E ratio of 10.37, a P/E/G ratio of 1.37 and a beta of 0.75. BP plc has a 1 year low of $35.73 and a 1 year high of $45.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. The stock has a 50 day moving average price of $38.13 and a 200-day moving average price of $39.69.

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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