Goodwin Daniel L cut its position in BP plc (NYSE:BP) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,900 shares of the oil and gas exploration company’s stock after selling 1,100 shares during the quarter. BP makes up approximately 0.6% of Goodwin Daniel L’s investment portfolio, making the stock its 24th largest holding. Goodwin Daniel L’s holdings in BP were worth $1,317,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in BP in the 3rd quarter worth approximately $25,000. Knuff & Co LLC acquired a new position in BP in the 3rd quarter worth approximately $27,000. Horan Securities Inc. increased its holdings in BP by 39.5% in the 3rd quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after buying an additional 264 shares during the period. Manchester Financial Inc. acquired a new position in BP in the 4th quarter worth approximately $36,000. Finally, Horan Capital Advisors LLC. acquired a new position in BP in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 10.56% of the company’s stock.
BP has been the topic of several research reports. Argus downgraded shares of BP from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. ValuEngine upgraded shares of BP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies initiated coverage on shares of BP in a report on Tuesday, November 26th. They issued a “buy” rating and a $47.00 price target on the stock. Raymond James reiterated a “buy” rating and issued a $48.00 price target on shares of BP in a report on Tuesday. Finally, Berenberg Bank downgraded shares of BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.05.
BP stock traded down $0.47 during mid-day trading on Wednesday, hitting $37.85. The company had a trading volume of 2,978,072 shares, compared to its average volume of 6,063,310. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. BP plc has a 12-month low of $35.73 and a 12-month high of $45.38. The company’s fifty day moving average is $37.99 and its 200-day moving average is $38.20. The company has a market capitalization of $131.65 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.36 and a beta of 0.76.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.13. BP had a return on equity of 10.67% and a net margin of 1.66%. The business had revenue of $69.29 billion for the quarter, compared to analyst estimates of $78.86 billion. As a group, sell-side analysts expect that BP plc will post 2.89 EPS for the current fiscal year.
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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