FinTrust Capital Advisors LLC Sells 2,609 Shares of BP plc (NYSE:BP)

FinTrust Capital Advisors LLC lowered its stake in shares of BP plc (NYSE:BP) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,012 shares of the oil and gas exploration company’s stock after selling 2,609 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in BP were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Focused Wealth Management Inc acquired a new stake in BP in the second quarter worth about $25,000. Ellis Investment Partners LLC acquired a new stake in BP in the first quarter worth about $29,000. Marino Stram & Associates LLC boosted its holdings in BP by 71.0% in the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock worth $29,000 after acquiring an additional 277 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in BP in the first quarter worth about $35,000. Finally, Bray Capital Advisors boosted its holdings in BP by 91.7% in the first quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 389 shares in the last quarter. 11.05% of the stock is currently owned by institutional investors.

Shares of BP stock traded down $0.32 on Thursday, reaching $35.94. 504,071 shares of the stock were exchanged, compared to its average volume of 9,346,120. The company has a 50 day simple moving average of $39.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.77. The company has a market capitalization of $122.59 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74. BP plc has a twelve month low of $36.15 and a twelve month high of $47.16.



BP has been the subject of several recent analyst reports. Credit Suisse Group downgraded BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target for the company. in a report on Wednesday, July 10th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.30 to $48.60 in a report on Wednesday, July 31st. Finally, ValuEngine downgraded BP from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. BP currently has an average rating of “Buy” and a consensus price target of $51.89.

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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