Parkside Investments LLC Purchases 3,245 Shares of BP plc (NYSE:BP)

Parkside Investments LLC lifted its position in BP plc (NYSE:BP) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 96,890 shares of the oil and gas exploration company’s stock after purchasing an additional 3,245 shares during the quarter. Parkside Investments LLC’s holdings in BP were worth $4,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in BP by 18.6% during the 1st quarter. FMR LLC now owns 30,833,002 shares of the oil and gas exploration company’s stock valued at $1,348,019,000 after purchasing an additional 4,832,518 shares during the period. BlackRock Inc. increased its stake in BP by 51.5% during the 1st quarter. BlackRock Inc. now owns 12,141,698 shares of the oil and gas exploration company’s stock worth $530,835,000 after purchasing an additional 4,126,312 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BP by 80.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,652,922 shares of the oil and gas exploration company’s stock worth $159,705,000 after purchasing an additional 1,631,395 shares in the last quarter. Wells Fargo & Company MN increased its stake in BP by 20.9% during the 1st quarter. Wells Fargo & Company MN now owns 5,720,246 shares of the oil and gas exploration company’s stock worth $250,090,000 after purchasing an additional 989,753 shares in the last quarter. Finally, Norges Bank bought a new stake in BP during the 4th quarter worth approximately $32,149,000. 11.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:BP traded up $0.20 during midday trading on Friday, hitting $36.25. The stock had a trading volume of 3,822,493 shares, compared to its average volume of 9,475,645. BP plc has a 12 month low of $35.73 and a 12 month high of $47.16. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The business’s 50-day simple moving average is $39.51 and its 200-day simple moving average is $41.92. The company has a market cap of $124.36 billion, a P/E ratio of 9.54, a PEG ratio of 1.17 and a beta of 0.74.



A number of analysts recently issued reports on the company. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.30 to $48.60 in a research note on Wednesday, July 31st. ValuEngine cut shares of BP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Finally, Credit Suisse Group cut shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target for the company. in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. BP presently has a consensus rating of “Buy” and a consensus target price 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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