Aull & Monroe Investment Management Corp Decreases Holdings in BP plc (BP)

Aull & Monroe Investment Management Corp trimmed its position in BP plc (NYSE:BP) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,740 shares of the oil and gas exploration company’s stock after selling 2,300 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in BP were worth $956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of BP by 17.3% during the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock worth $270,881,000 after purchasing an additional 950,489 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of BP by 187.1% during the 4th quarter. Jennison Associates LLC now owns 809,211 shares of the oil and gas exploration company’s stock worth $34,011,000 after purchasing an additional 527,384 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of BP by 6.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock worth $157,009,000 after purchasing an additional 240,212 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of BP by 424.7% during the 4th quarter. James Investment Research Inc. now owns 287,348 shares of the oil and gas exploration company’s stock worth $12,077,000 after purchasing an additional 232,588 shares in the last quarter. Finally, Seminole Management Co. Inc. grew its holdings in shares of BP by 435.0% during the 4th quarter. Seminole Management Co. Inc. now owns 258,420 shares of the oil and gas exploration company’s stock worth $10,861,000 after purchasing an additional 210,120 shares in the last quarter. 9.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BP plc (NYSE:BP) traded down $0.46 during mid-day trading on Monday, hitting $43.35. The company had a trading volume of 2,313,703 shares, compared to its average volume of 5,448,348. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. BP plc has a twelve month low of $33.10 and a twelve month high of $44.62. The company has a market cap of $144,996.64, a P/E ratio of 37.07, a P/E/G ratio of 0.91 and a beta of 0.97.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas exploration company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. BP had a return on equity of 4.52% and a net margin of 1.70%. The business had revenue of $60.81 billion during the quarter. analysts anticipate that BP plc will post 1.84 EPS for the current year.

Several analysts have recently issued reports on BP shares. Vetr raised BP from a “hold” rating to a “buy” rating and set a $41.28 target price on the stock in a report on Wednesday, December 6th. Zacks Investment Research lowered BP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Kepler Capital Markets raised BP from a “reduce” rating to a “hold” rating in a report on Tuesday, October 3rd. Scotiabank reissued a “buy” rating and set a $39.00 target price on shares of BP in a report on Wednesday, November 1st. Finally, Cowen reissued a “hold” rating and set a $39.00 target price on shares of BP in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.05.

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About BP

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Institutional Ownership by Quarter for BP (NYSE:BP)

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