Cozad Asset Management Inc. raised its stake in BP plc (NYSE:BP) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,217 shares of the oil and gas exploration company’s stock after purchasing an additional 3,965 shares during the period. Cozad Asset Management Inc.’s holdings in BP were worth $2,303,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. OLD Dominion Capital Management Inc. boosted its holdings in shares of BP by 2.2% in the second quarter. OLD Dominion Capital Management Inc. now owns 26,077 shares of the oil and gas exploration company’s stock valued at $1,087,000 after acquiring an additional 550 shares during the period. BB&T Corp lifted its holdings in shares of BP by 3.2% during the second quarter. BB&T Corp now owns 244,969 shares of the oil and gas exploration company’s stock worth $10,216,000 after purchasing an additional 7,698 shares during the period. Columbia Asset Management lifted its holdings in BP by 12.6% in the first quarter. Columbia Asset Management now owns 52,569 shares of the oil and gas exploration company’s stock valued at $2,298,000 after acquiring an additional 5,863 shares during the period. Global Financial Private Capital LLC lifted its holdings in BP by 2.8% in the first quarter. Global Financial Private Capital LLC now owns 344,110 shares of the oil and gas exploration company’s stock valued at $15,045,000 after acquiring an additional 9,341 shares during the period. Finally, Simmons Bank lifted its holdings in BP by 6.5% in the first quarter. Simmons Bank now owns 34,453 shares of the oil and gas exploration company’s stock valued at $1,506,000 after acquiring an additional 2,110 shares during the period. Institutional investors own 10.77% of the company’s stock.
BP stock traded down $0.14 during midday trading on Thursday, hitting $37.66. 147,695 shares of the company’s stock were exchanged, compared to its average volume of 5,833,362. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65. BP plc has a 12-month low of $35.73 and a 12-month high of $47.16. The firm has a 50 day moving average price of $37.42 and a 200-day moving average price of $41.21. The stock has a market capitalization of $127.33 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.77.
BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. BP had a return on equity of 12.12% and a net margin of 2.97%. The company had revenue of $73.75 billion for the quarter, compared to the consensus estimate of $79.79 billion. On average, sell-side analysts forecast that BP plc will post 3.06 EPS for the current fiscal year.
A number of equities research analysts have commented on BP shares. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and raised their target price for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP in a research report on Friday, August 30th. Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets started coverage on BP in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 price target on the stock. Finally, ValuEngine lowered BP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $52.04.
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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