Jones Financial Companies Lllp Boosts Stock Position in BP p.l.c. $BP

Jones Financial Companies Lllp boosted its holdings in shares of BP p.l.c. (NYSE:BP) by 22.1% during the third quarter, Holdings Channel reports. The firm owned 127,792 shares of the oil and gas exploration company’s stock after acquiring an additional 23,166 shares during the quarter. Jones Financial Companies Lllp’s holdings in BP were worth $4,553,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BP. Heartwood Wealth Advisors LLC bought a new position in shares of BP during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in BP during the 2nd quarter valued at $27,000. Acima Private Wealth LLC purchased a new stake in shares of BP in the 2nd quarter worth about $32,000. WFA of San Diego LLC purchased a new position in shares of BP during the second quarter valued at about $46,000. Finally, Quent Capital LLC bought a new position in BP in the third quarter worth about $47,000. 11.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BP. Wells Fargo & Company upped their target price on BP from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Scotiabank set a $41.00 price target on BP in a research note on Friday, January 16th. Weiss Ratings raised BP from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 30th. Evercore set a $38.00 target price on shares of BP and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. Finally, Citigroup reissued a “buy” rating on shares of BP in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.41.

BP Stock Performance

Shares of BP stock opened at $39.04 on Friday. BP p.l.c. has a 1 year low of $25.22 and a 1 year high of $39.51. The firm’s 50-day moving average is $35.71 and its 200 day moving average is $34.93. The stock has a market cap of $101.77 billion, a price-to-earnings ratio of 67.31, a PEG ratio of 2.12 and a beta of 0.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.19 and a quick ratio of 0.89.

BP (NYSE:BP) last issued its earnings results on Tuesday, November 4th. The oil and gas exploration company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.13. BP had a net margin of 0.79% and a return on equity of 9.07%. The business had revenue of $48.42 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Company Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.