Hancock Whitney Corp Decreases Stake in BP plc (NYSE:BP)

Hancock Whitney Corp lowered its holdings in BP plc (NYSE:BP) by 6.6% in the 3rd quarter, Holdings Channel reports. The firm owned 5,384 shares of the oil and gas exploration company’s stock after selling 379 shares during the period. Hancock Whitney Corp’s holdings in BP were worth $205,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Park National Corp OH grew its position in BP by 15.0% in the second quarter. Park National Corp OH now owns 95,449 shares of the oil and gas exploration company’s stock valued at $3,980,000 after acquiring an additional 12,478 shares during the last quarter. Private Asset Management Inc. grew its position in BP by 1.7% in the second quarter. Private Asset Management Inc. now owns 170,929 shares of the oil and gas exploration company’s stock valued at $7,128,000 after acquiring an additional 2,825 shares during the last quarter. South Texas Money Management Ltd. grew its position in BP by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 939,586 shares of the oil and gas exploration company’s stock valued at $39,181,000 after acquiring an additional 2,710 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its position in BP by 4.8% in the second quarter. Beese Fulmer Investment Management Inc. now owns 10,134 shares of the oil and gas exploration company’s stock valued at $423,000 after acquiring an additional 460 shares during the last quarter. Finally, Rockland Trust Co. grew its position in BP by 9.8% in the second quarter. Rockland Trust Co. now owns 9,305 shares of the oil and gas exploration company’s stock valued at $388,000 after acquiring an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 10.78% of the company’s stock.

A number of research analysts have issued reports on BP shares. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and lifted their target price for the company from $46.30 to $48.60 in a research report on Wednesday, July 31st. ValuEngine upgraded BP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Royal Bank of Canada reiterated an “outperform” rating on shares of BP in a research report on Monday, October 28th. Finally, Kepler Capital Markets reiterated a “buy” rating and issued a $650.00 target price on shares of BP in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $273.43.

NYSE:BP opened at $39.40 on Thursday. The stock has a market cap of $133.65 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average is $38.13 and its 200-day moving average is $39.69. BP plc has a 1-year low of $35.73 and a 1-year high of $45.38.

BP 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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