Cullen Frost Bankers Inc. Sells 4,654 Shares of BP plc (NYSE:BP)

Cullen Frost Bankers Inc. lowered its holdings in shares of BP plc (NYSE:BP) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 86,318 shares of the oil and gas exploration company’s stock after selling 4,654 shares during the period. Cullen Frost Bankers Inc.’s holdings in BP were worth $3,279,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Horan Securities Inc. lifted its position in BP by 39.5% during the third quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after acquiring an additional 264 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of BP by 3.5% in the second quarter. Leavell Investment Management Inc. now owns 7,954 shares of the oil and gas exploration company’s stock valued at $332,000 after buying an additional 270 shares in the last quarter. Atlas Brown Inc. raised its position in shares of 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 buying an additional 273 shares in the last quarter. Beirne Wealth Consulting Services LLC raised its position in shares of BP by 3.2% in the second quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock valued at $375,000 after buying an additional 280 shares in the last quarter. Finally, First Command Financial Services Inc. raised its position in shares of BP by 7.1% in the second quarter. First Command Financial Services Inc. now owns 4,527 shares of the oil and gas exploration company’s stock valued at $189,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 10.78% of the company’s stock.

BP has been the subject of a number of analyst reports. Barclays dropped their price target on shares of BP from $700.00 to $650.00 and set an “overweight” rating for the company in a research report on Wednesday. Kepler Capital Markets reiterated a “buy” rating and issued a $650.00 price target on shares of BP in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating on shares of BP in a research report on Monday, October 28th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $46.30 to $48.60 in a research note on Wednesday, July 31st. Finally, DZ Bank decreased their price objective on shares of BP from $620.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $273.43.

Shares of BP stock traded down $0.23 during trading on Friday, hitting $39.09. The company’s stock had a trading volume of 3,946,130 shares, compared to its average volume of 7,815,843. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38. The stock has a market cap of $133.51 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. The stock has a 50-day moving average price of $38.14 and a two-hundred day moving average price of $39.66.

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).

Read More: What is included in the gross domestic product?

Institutional Ownership by Quarter for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply