BP plc (NYSE:BP) Stock Holdings Lifted by Kempner Capital Management Inc.

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.

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

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 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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