24,200 Shares in BP plc (NYSE:BP) Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in shares of BP plc (NYSE:BP) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,200 shares of the oil and gas exploration company’s stock, valued at approximately $919,000.

Several other large investors also recently bought and sold shares of the stock. Hoertkorn Richard Charles boosted its position in BP by 0.6% in the 3rd quarter. Hoertkorn Richard Charles now owns 89,817 shares of the oil and gas exploration company’s stock valued at $3,412,000 after buying an additional 500 shares during the period. Carnick & Kubik Group LLC boosted its position in BP by 0.4% in the 3rd quarter. Carnick & Kubik Group LLC now owns 102,296 shares of the oil and gas exploration company’s stock valued at $3,886,000 after buying an additional 370 shares during the period. Icon Wealth Partners LLC boosted its position in BP by 8.9% in the 3rd quarter. Icon Wealth Partners LLC now owns 11,613 shares of the oil and gas exploration company’s stock valued at $441,000 after buying an additional 946 shares during the period. AdvisorNet Financial Inc boosted its position in BP by 22.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 27,795 shares of the oil and gas exploration company’s stock valued at $1,056,000 after buying an additional 5,126 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC boosted its position in BP by 3.6% in the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 8,666 shares of the oil and gas exploration company’s stock valued at $329,000 after buying an additional 300 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

BP stock opened at $39.12 on Friday. The company has a market cap of $132.63 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.42 and a beta of 0.75. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38. The company’s 50-day moving average price is $37.85 and its 200 day moving average price is $40.07. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the 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. On average, equities research analysts expect that BP plc will post 2.93 earnings per share for the current year.

BP has been the subject of several recent analyst reports. BMO Capital Markets initiated 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. Kepler Capital Markets reaffirmed a “buy” rating on shares of BP in a research report on Monday, September 16th. Grupo Santander raised shares of BP from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays reaffirmed an “overweight” rating on shares of BP in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. BP presently has a consensus rating of “Buy” and a consensus price target of $45.72.

About BP

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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