Kempner Capital Management Inc. lifted its stake in shares of BP plc (NYSE:BP) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,175 shares of the oil and gas exploration company’s stock after buying an additional 2,990 shares during the period. BP comprises about 4.7% of Kempner Capital Management Inc.’s holdings, making the stock its 3rd largest position. Kempner Capital Management Inc.’s holdings in BP were worth $6,997,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in BP. FMR LLC boosted its position in BP by 18.6% in the first quarter. FMR LLC now owns 30,833,002 shares of the oil and gas exploration company’s stock worth $1,348,019,000 after purchasing an additional 4,832,518 shares during the last quarter. BlackRock Inc. boosted its position in BP by 51.5% in the first 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 during the last quarter. Invesco Ltd. boosted its position in BP by 15.7% in the second quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock worth $446,003,000 after purchasing an additional 1,452,653 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in BP in the second quarter worth $53,354,000. Finally, Point72 Asset Management L.P. purchased a new position in BP in the second quarter worth $50,840,000. 10.72% of the stock is currently owned by institutional investors.
Shares of NYSE BP traded up $0.59 during trading on Friday, reaching $36.96. 412,797 shares of the stock traded hands, compared to its average volume of 7,310,811. BP plc has a 52-week low of $35.73 and a 52-week high of $47.04. 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 50-day moving average of $37.42 and a 200-day moving average of $40.74. The stock has a market capitalization of $128.01 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75.
Several research analysts have weighed in on the company. BMO Capital Markets assumed coverage on BP in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 price objective on the stock. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective on the stock. in a research report on Wednesday, July 10th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reissued a “buy” rating on shares of BP in a research report on Friday, August 30th. Finally, Kepler Capital Markets reaffirmed a “buy” rating on shares of BP in a research report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.72.
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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