BP p.l.c. (NYSE:BP) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a research report issued on Wednesday.

Other analysts have also issued research reports about the stock. Societe Generale lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating and decreased their price target for the company from $35.04 to $34.90 in a research note on Wednesday, July 26th. Piper Jaffray Companies upgraded shares of BP p.l.c. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $36.33 to $42.00 in a research note on Friday, August 4th. BMO Capital Markets upgraded shares of BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Jefferies Group LLC set a $36.00 price target on shares of BP p.l.c. and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Kepler Capital Markets upgraded shares of BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.67.

Shares of BP p.l.c. (NYSE:BP) opened at $40.72 on Wednesday. The firm has a market cap of $136,668.53, a price-to-earnings ratio of 30.22, a PEG ratio of 1.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. BP p.l.c. has a one year low of $32.53 and a one year high of $41.55.

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Several institutional investors have recently made changes to their positions in BP. State Street Corp increased its position in shares of BP p.l.c. by 2.0% in the first quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock worth $1,074,889,000 after purchasing an additional 614,408 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of BP p.l.c. by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock worth $258,345,000 after purchasing an additional 61,668 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of BP p.l.c. by 6.2% in the third quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock worth $157,009,000 after purchasing an additional 240,212 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of BP p.l.c. by 13.3% in the second quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock worth $99,898,000 after purchasing an additional 338,581 shares during the last quarter. Finally, OLD Republic International Corp increased its position in shares of BP p.l.c. by 7.2% in the first quarter. OLD Republic International Corp now owns 1,749,500 shares of the oil and gas exploration company’s stock worth $60,393,000 after purchasing an additional 117,000 shares during the last quarter. 9.90% of the stock is currently owned by hedge funds and other institutional investors.

About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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