Prospera Financial Services Inc Has $1.44 Million Stock Holdings in BP plc (NYSE:BP)

Prospera Financial Services Inc raised its position in BP plc (NYSE:BP) by 208.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,898 shares of the oil and gas exploration company’s stock after buying an additional 25,628 shares during the quarter. Prospera Financial Services Inc’s holdings in BP were worth $1,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BP. Park National Corp OH grew its position in BP by 15.0% in the 2nd quarter. Park National Corp OH now owns 95,449 shares of the oil and gas exploration company’s stock valued at $3,980,000 after buying an additional 12,478 shares in the last quarter. Private Asset Management Inc. grew its position in BP by 1.7% in the 2nd quarter. Private Asset Management Inc. now owns 170,929 shares of the oil and gas exploration company’s stock valued at $7,128,000 after buying an additional 2,825 shares in the last quarter. South Texas Money Management Ltd. grew its position in BP by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 939,586 shares of the oil and gas exploration company’s stock valued at $39,181,000 after buying an additional 2,710 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in BP by 4.8% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 10,134 shares of the oil and gas exploration company’s stock valued at $423,000 after buying an additional 460 shares in the last quarter. Finally, Rockland Trust Co. grew its position in BP by 9.8% in the 2nd quarter. Rockland Trust Co. now owns 9,305 shares of the oil and gas exploration company’s stock valued at $388,000 after buying an additional 829 shares in the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BP traded down $0.03 during trading hours on Thursday, hitting $39.03. 605,784 shares of the company’s stock traded hands, compared to its average volume of 6,459,156. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38. 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 company’s fifty day simple moving average is $37.81 and its two-hundred day simple moving average is $40.09. The company has a market cap of $130.76 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $79.79 billion. On average, analysts anticipate that BP plc will post 2.93 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of BP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays restated an “overweight” rating on shares of BP in a research report on Thursday, October 17th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.30 to $48.60 in a research report on Wednesday, July 31st. Kepler Capital Markets restated a “buy” rating on shares of BP in a research report on Monday, September 16th. Finally, BMO Capital Markets assumed coverage on shares of BP in a research report on Tuesday, August 20th. They set an “outperform” rating and a $53.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.72.

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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