Boston Advisors LLC reduced its position in shares of BP plc (NYSE:BP) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,469 shares of the oil and gas exploration company’s stock after selling 453 shares during the period. Boston Advisors LLC’s holdings in BP were worth $778,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Focused Wealth Management Inc bought a new stake in shares of BP during the second quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in shares of BP during the third quarter worth $25,000. Knuff & Co LLC bought a new stake in shares of BP during the third quarter worth $27,000. Rocky Mountain Advisers LLC bought a new stake in shares of BP during the second quarter worth $36,000. Finally, Next Capital Management LLC bought a new stake in shares of BP during the second quarter worth $38,000. Institutional investors and hedge funds own 10.75% of the company’s stock.
Shares of BP stock opened at $38.98 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.66. BP plc has a twelve month low of $35.73 and a twelve month high of $45.38. The stock has a market cap of $132.87 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.36 and a beta of 0.75. The company’s fifty day moving average is $38.18 and its 200 day moving average is $39.50.
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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