Campbell & CO Investment Adviser LLC Acquires New Stake in BP plc (NYSE:BP)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of BP plc (NYSE:BP) during the third quarter, HoldingsChannel reports. The institutional investor acquired 8,575 shares of the oil and gas exploration company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its stake in BP by 3.5% in the 2nd quarter. Leavell Investment Management Inc. now owns 7,954 shares of the oil and gas exploration company’s stock worth $332,000 after buying an additional 270 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its stake in BP by 3.2% in the 2nd quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock worth $375,000 after buying an additional 280 shares during the last quarter. Atlas Brown Inc. boosted its stake in BP by 0.9% in the 2nd quarter. Atlas Brown Inc. now owns 34,920 shares of the oil and gas exploration company’s stock worth $1,456,000 after buying an additional 297 shares during the last quarter. First Command Financial Services Inc. boosted its stake in BP by 7.1% in the 2nd quarter. First Command Financial Services Inc. now owns 4,527 shares of the oil and gas exploration company’s stock worth $189,000 after buying an additional 300 shares during the last quarter. Finally, Citizens Financial Group Inc RI boosted its stake in BP by 3.7% in the 2nd quarter. Citizens Financial Group Inc RI now owns 8,449 shares of the oil and gas exploration company’s stock worth $352,000 after buying an additional 300 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on BP shares. Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target on the stock. in a research note on Wednesday, July 10th. Barclays reissued an “overweight” rating on shares of BP in a research note on Thursday. ValuEngine raised BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of BP in a research note on Friday, August 30th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of BP in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.72.

BP stock opened at $37.48 on Friday. The stock’s 50-day moving average is $37.68 and its 200-day moving average is $40.24. The company has a market cap of $128.22 billion, a price-to-earnings ratio of 9.86, 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 current ratio of 1.07 and a quick ratio of 0.77. BP plc has a 12 month low of $35.73 and a 12 month high of $45.38.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $73.75 billion for the quarter, compared to the consensus estimate of $79.79 billion. BP had a return on equity of 12.12% and a net margin of 2.97%. Research analysts anticipate that BP plc will post 3.05 EPS for the current year.

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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