BP plc (NYSE:BP) Shares Purchased by KCS Wealth Advisory

KCS Wealth Advisory raised its position in BP plc (NYSE:BP) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,720 shares of the oil and gas exploration company’s stock after acquiring an additional 979 shares during the quarter. KCS Wealth Advisory’s holdings in BP were worth $989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Financial Co boosted its stake in shares of BP by 0.9% in the 1st quarter. Lee Financial Co now owns 25,437 shares of the oil and gas exploration company’s stock valued at $1,112,000 after buying an additional 234 shares during the period. McIlrath & Eck LLC boosted its stake in shares of BP by 11.9% in the 1st quarter. McIlrath & Eck LLC now owns 2,232 shares of the oil and gas exploration company’s stock valued at $98,000 after buying an additional 238 shares during the period. Northern Oak Wealth Management Inc. boosted its stake in shares of BP by 11.1% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 2,500 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 250 shares during the period. Boston Financial Mangement LLC boosted its stake in shares of BP by 2.6% in the 1st quarter. Boston Financial Mangement LLC now owns 10,538 shares of the oil and gas exploration company’s stock valued at $461,000 after buying an additional 264 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of BP by 1.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 25,621 shares of the oil and gas exploration company’s stock valued at $1,121,000 after buying an additional 267 shares during the period. 11.03% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada cut BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective for the company. in a research note on Tuesday, April 16th. Jefferies Financial Group upgraded 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. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective for the company. in a research note on Wednesday, July 10th. Finally, ValuEngine cut BP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. BP presently has a consensus rating of “Buy” and an average price target of $51.89.

BP stock opened at $37.18 on Friday. The stock’s 50 day simple moving average is $40.29. The stock has a market capitalization of $125.73 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.18 and a beta of 0.74. BP plc has a fifty-two week low of $36.28 and a fifty-two week high of $47.16. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07.

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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