BP plc (NYSE:BP) Shares Sold by Windsor Group LTD

Windsor Group LTD trimmed its position in BP plc (NYSE:BP) by 23.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,541 shares of the oil and gas exploration company’s stock after selling 2,670 shares during the period. Windsor Group LTD’s holdings in BP were worth $313,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Focused Wealth Management Inc purchased a new stake in shares of BP in the 2nd quarter valued at approximately $25,000. Rocky Mountain Advisers LLC purchased a new stake in BP during the 2nd quarter worth approximately $36,000. Next Capital Management LLC purchased a new stake in BP during the 2nd quarter worth approximately $38,000. Manchester Financial Inc. purchased a new stake in BP during the 2nd quarter worth approximately $40,000. Finally, Meeder Asset Management Inc. purchased a new stake in BP during the 3rd quarter worth approximately $40,000. Institutional investors own 10.72% of the company’s stock.

Shares of BP opened at $38.54 on Tuesday. BP plc has a fifty-two week low of $35.73 and a fifty-two week high of $45.38. The firm’s 50 day moving average price is $37.73 and its 200 day moving average price is $40.15. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The company has a market cap of $127.27 billion, a P/E ratio of 10.14, a PEG ratio of 1.36 and a beta of 0.75.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating the Zacks’ 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 company had revenue of $73.75 billion for the quarter, compared to the consensus estimate of $79.79 billion. Research analysts forecast that BP plc will post 2.93 earnings per share for the current year.

BP has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating on shares of BP in a research note on Thursday, October 17th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.30 to $48.60 in a research note on Wednesday, July 31st. BMO Capital Markets initiated coverage on shares of BP in a research note on Tuesday, August 20th. They set an “outperform” rating and a $53.00 target price on the stock. Credit Suisse Group downgraded shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price on the stock. in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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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