Lynch & Associates IN Trims Stock Holdings in BP plc (NYSE:BP)

Lynch & Associates IN decreased its holdings in BP plc (NYSE:BP) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,571 shares of the oil and gas exploration company’s stock after selling 1,244 shares during the period. BP accounts for about 1.3% of Lynch & Associates IN’s holdings, making the stock its 29th biggest position. Lynch & Associates IN’s holdings in BP were worth $4,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in BP during the second quarter valued at approximately $25,000. Marino Stram & Associates LLC grew its stake 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 acquiring an additional 277 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new position in BP during the second quarter valued at approximately $36,000. Next Capital Management LLC purchased a new position in BP during the second quarter valued at approximately $38,000. Finally, Manchester Financial Inc. purchased a new position in BP during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Several equities analysts recently commented on BP shares. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group cut shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective for the company. in a research note on Wednesday, July 10th. Grupo Santander raised shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. BMO Capital Markets started coverage on shares of BP in a research note on Tuesday, August 20th. They set an “outperform” rating and a $53.00 price objective for the company. Finally, Kepler Capital Markets reaffirmed a “buy” rating on shares of BP in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.04.

BP stock traded down $0.30 during mid-day trading on Thursday, hitting $36.29. 5,870,396 shares of the company traded hands, compared to its average volume of 7,224,194. BP plc has a one year low of $35.73 and a one year high of $47.05. The stock has a market cap of $124.24 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.23 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07. The stock has a fifty day moving average price of $37.44 and a 200-day moving average price of $40.78.

BP (NYSE:BP) last announced its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 2.97% and a return on equity of 12.12%. The business had revenue of $73.75 billion during the quarter, compared to analyst estimates of $79.79 billion. Sell-side analysts predict that BP plc will post 3.06 EPS for the current 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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