Clear Creek Financial Management LLC Acquires 614 Shares of BP plc (NYSE:BP)

Clear Creek Financial Management LLC boosted its holdings in shares of BP plc (NYSE:BP) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,670 shares of the oil and gas exploration company’s stock after purchasing an additional 614 shares during the quarter. Clear Creek Financial Management LLC’s holdings in BP were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fluent Financial LLC grew its holdings in shares of BP by 64.2% in the fourth quarter. Fluent Financial LLC now owns 121,988 shares of the oil and gas exploration company’s stock valued at $4,604,000 after purchasing an additional 47,718 shares in the last quarter. Good Life Advisors LLC grew its holdings in shares of BP by 7.4% in the fourth quarter. Good Life Advisors LLC now owns 11,332 shares of the oil and gas exploration company’s stock valued at $426,000 after purchasing an additional 782 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of BP in the fourth quarter valued at $336,000. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in shares of BP by 3.0% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,021 shares of the oil and gas exploration company’s stock valued at $378,000 after purchasing an additional 295 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of BP by 17.7% in the fourth quarter. AE Wealth Management LLC now owns 174,473 shares of the oil and gas exploration company’s stock valued at $6,585,000 after purchasing an additional 26,292 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on the stock. Wells Fargo & Co raised shares of BP from an “equal weight” rating to an “overweight” rating in a report on Monday, January 6th. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies assumed coverage on shares of BP in a report on Tuesday, November 26th. They issued a “buy” rating and a $47.00 target price for the company. Berenberg Bank lowered shares of BP from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Argus lowered shares of BP from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. BP presently has an average rating of “Buy” and an average target price of $46.86.

BP traded down $0.05 during trading on Friday, reaching $38.79. The company had a trading volume of 1,708,897 shares, compared to its average volume of 8,339,996. The stock has a market cap of $131.82 billion, a P/E ratio of 10.21, a PEG ratio of 1.36 and a beta of 0.76. The business has a 50 day simple moving average of $37.87 and a 200-day simple moving average of $38.28. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38. 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 (NYSE:BP) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $69.29 billion during the quarter, compared to the consensus estimate of $78.86 billion. BP had a return on equity of 10.67% and a net margin of 1.66%. As a group, equities research analysts expect that BP plc will post 2.89 EPS for the current fiscal year.

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).

See Also: How to interpret the current ratio

Institutional Ownership by Quarter for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.