Miles Capital Inc. Sells 478 Shares of BP plc (NYSE:BP)

Miles Capital Inc. lowered its position in shares of BP plc (NYSE:BP) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,010 shares of the oil and gas exploration company’s stock after selling 478 shares during the quarter. Miles Capital Inc.’s holdings in BP were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in BP by 1.1% during the first quarter. FinTrust Capital Advisors LLC now owns 25,621 shares of the oil and gas exploration company’s stock valued at $1,121,000 after purchasing an additional 267 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in BP by 3.5% during the second quarter. Leavell Investment Management Inc. now owns 7,954 shares of the oil and gas exploration company’s stock valued at $332,000 after buying an additional 270 shares during the period. Marino Stram & Associates LLC increased its holdings in BP by 71.0% during the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 277 shares during the period. Beirne Wealth Consulting Services LLC increased its holdings in BP by 3.2% during the second quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock valued at $375,000 after buying an additional 280 shares during the period. Finally, Associated Banc Corp increased its holdings in BP by 0.6% during the first quarter. Associated Banc Corp now owns 50,266 shares of the oil and gas exploration company’s stock valued at $2,198,000 after buying an additional 289 shares during the period. 10.77% of the stock is currently owned by hedge funds and other institutional investors.

BP has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of BP in a report on Tuesday, August 20th. They set an “outperform” rating and a $53.00 price objective on the stock. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and upped their target price for the company from $46.30 to $48.60 in a research report on Wednesday, July 31st. ValuEngine downgraded BP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP in a research report on Friday, August 30th. Finally, Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. BP currently has a consensus rating of “Buy” and a consensus price target of $52.04.



BP stock traded up $0.28 during mid-day trading on Friday, hitting $37.95. The company’s stock had a trading volume of 319,029 shares, compared to its average volume of 5,810,820. 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 stock has a market cap of $128.49 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. The business has a 50 day moving average price of $37.42 and a 200-day moving average price of $41.21. BP plc has a 12 month low of $35.73 and a 12 month high of $47.16.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $73.75 billion during the quarter, compared to the consensus estimate of $79.79 billion. BP had a net margin of 2.97% and a return on equity of 12.12%. On average, equities research analysts expect that BP plc will post 3.06 earnings per share for the current fiscal year.

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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