Boston Advisors LLC Has $778,000 Stock Position in BP plc (NYSE:BP)

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.

A number of research firms have weighed in on BP. BMO Capital Markets began 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. Kepler Capital Markets reaffirmed a “buy” rating and set a $650.00 target price on shares of BP in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, October 23rd. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays decreased their target price on shares of BP from $700.00 to $650.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. BP presently has an average rating of “Buy” and a consensus target price of $273.43.

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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