Usca Ria LLC Buys 25,514 Shares of BP plc (NYSE:BP)

Usca Ria LLC lifted its stake in BP plc (NYSE:BP) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,233 shares of the oil and gas exploration company’s stock after buying an additional 25,514 shares during the period. Usca Ria LLC’s holdings in BP were worth $6,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Altfest L J & Co. Inc. lifted its stake in BP by 2.6% during the fourth quarter. Altfest L J & Co. Inc. now owns 10,158 shares of the oil and gas exploration company’s stock worth $383,000 after purchasing an additional 261 shares during the last quarter. Horan Securities Inc. increased its holdings in BP by 39.5% in the third quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock valued at $35,000 after purchasing an additional 264 shares during the period. MUFG Americas Holdings Corp increased its holdings in BP by 0.9% in the third quarter. MUFG Americas Holdings Corp now owns 30,365 shares of the oil and gas exploration company’s stock valued at $1,154,000 after purchasing an additional 264 shares during the period. Atlas Brown Inc. increased its holdings in BP by 0.8% in the third quarter. Atlas Brown Inc. now owns 35,193 shares of the oil and gas exploration company’s stock valued at $1,337,000 after purchasing an additional 273 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in BP by 1.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 19,778 shares of the oil and gas exploration company’s stock worth $751,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 10.56% of the company’s stock.

A number of analysts have weighed in on BP shares. ValuEngine upgraded BP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James reiterated a “buy” rating and set a $48.00 price target on shares of BP in a report on Tuesday, January 21st. Wells Fargo & Co upgraded BP from an “equal weight” rating to an “overweight” rating in a report on Monday, January 6th. Berenberg Bank downgraded BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Argus downgraded BP from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.05.

BP stock traded down $0.53 during trading hours on Monday, reaching $37.61. 878,438 shares of the company’s stock were exchanged, compared to its average volume of 6,923,768. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.66. The firm’s 50 day simple moving average is $38.07 and its 200 day simple moving average is $38.16. BP plc has a twelve month low of $35.73 and a twelve month high of $45.38. The firm has a market capitalization of $129.47 billion, a PE ratio of 26.48, a PEG ratio of 1.28 and a beta of 0.76.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. The company had revenue of $69.29 billion for the quarter, compared to analysts’ expectations of $78.86 billion. BP had a net margin of 1.66% and a return on equity of 10.67%. Analysts anticipate that BP plc will post 2.86 EPS for the current year.

BP 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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