Patten Group Inc. grew its stake in shares of BP plc (NYSE:BP) by 81.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,750 shares of the oil and gas exploration company’s stock after buying an additional 4,830 shares during the period. Patten Group Inc.’s holdings in BP were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in BP during the 3rd quarter worth $25,000. Knuff & Co LLC purchased a new stake in BP during the 3rd quarter worth $27,000. Horan Securities Inc. boosted its position in BP by 39.5% during the 3rd quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after purchasing an additional 264 shares during the period. Horan Capital Advisors LLC. purchased a new stake in BP during the 3rd quarter worth $37,000. Finally, Meeder Asset Management Inc. purchased a new stake in BP during the 3rd quarter worth $40,000. 10.57% of the stock is owned by institutional investors.

Shares of BP stock opened at $38.82 on Wednesday. BP plc has a 12 month low of $35.73 and a 12 month high of $45.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. The firm has a market capitalization of $131.54 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.34 and a beta of 0.76. The company’s fifty day moving average price is $37.84 and its two-hundred day moving average price is $38.31.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. BP had a net margin of 1.66% and a return on equity of 10.67%. The firm had revenue of $69.29 billion for the quarter, compared to analyst estimates of $78.86 billion. On average, sell-side analysts anticipate that BP plc will post 2.9 EPS for the current year.

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

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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