Private Advisory Group LLC lessened its position in shares of BP plc (NYSE:BP) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,368 shares of the oil and gas exploration company’s stock after selling 8,044 shares during the quarter. BP comprises 1.2% of Private Advisory Group LLC’s holdings, making the stock its 29th biggest position. Private Advisory Group LLC’s holdings in BP were worth $2,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in BP by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,017,112 shares of the oil and gas exploration company’s stock valued at $852,034,000 after purchasing an additional 2,406,870 shares in the last quarter. Sound Shore Management Inc. CT increased its stake in BP by 17.6% during the 1st quarter. Sound Shore Management Inc. CT now owns 4,524,404 shares of the oil and gas exploration company’s stock valued at $183,419,000 after purchasing an additional 676,392 shares in the last quarter. Wells Fargo & Company MN increased its stake in BP by 10.0% during the 1st quarter. Wells Fargo & Company MN now owns 4,303,158 shares of the oil and gas exploration company’s stock valued at $174,450,000 after purchasing an additional 392,966 shares in the last quarter. Northern Trust Corp increased its stake in BP by 4.5% during the 1st quarter. Northern Trust Corp now owns 4,297,799 shares of the oil and gas exploration company’s stock valued at $174,232,000 after purchasing an additional 185,258 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in BP by 15.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,941,585 shares of the oil and gas exploration company’s stock valued at $78,712,000 after purchasing an additional 254,023 shares in the last quarter. Hedge funds and other institutional investors own 10.06% of the company’s stock.

Several analysts have recently commented on BP shares. TheStreet raised shares of BP from a “c+” rating to a “b-” rating in a report on Monday, May 21st. Goldman Sachs Group raised shares of BP from a “neutral” rating to a “buy” rating and upped their price objective for the company from $43.91 to $54.00 in a report on Monday, April 23rd. HSBC raised shares of BP to a “buy” rating in a report on Monday, July 30th. Zacks Investment Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, ValuEngine downgraded shares of BP from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.84.

BP stock opened at $42.99 on Monday. The firm has a market capitalization of $142.98 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. BP plc has a 12 month low of $33.90 and a 12 month high of $47.83.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, July 31st. The oil and gas exploration company reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. BP had a net margin of 2.55% and a return on equity of 9.28%. The business had revenue of $75.44 billion for the quarter, compared to the consensus estimate of $82.25 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. research analysts expect that BP plc will post 3.33 EPS for the current fiscal year.

About BP

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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