BP plc (NYSE:BP) Shares Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. raised its holdings in shares of BP plc (NYSE:BP) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,884 shares of the oil and gas exploration company’s stock after purchasing an additional 910 shares during the quarter. Wright Investors Service Inc.’s holdings in BP were worth $662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Lee Financial Co grew its position 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 worth $1,112,000 after acquiring an additional 234 shares in the last quarter. McIlrath & Eck LLC grew its position 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 worth $98,000 after acquiring an additional 238 shares in the last quarter. Northern Oak Wealth Management Inc. grew its position 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 worth $109,000 after acquiring an additional 250 shares in the last quarter. Boston Financial Mangement LLC grew its position 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 worth $461,000 after acquiring an additional 264 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position 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 worth $1,121,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 11.05% of the company’s stock.

Several research analysts have recently commented on BP shares. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. ValuEngine lowered BP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price for the company. in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.89.

Shares of BP traded down $0.35 during mid-day trading on Thursday, hitting $35.91. The stock had a trading volume of 495,944 shares, compared to its average volume of 9,346,120. BP plc has a fifty-two week low of $36.15 and a fifty-two week high of $47.16. The stock has a market capitalization of $122.59 billion, a P/E ratio of 9.46, a PEG ratio of 1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07. The company’s fifty day moving average price is $39.64.

BP Company 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: Capital Gains Distribution

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Institutional Ownership by Quarter for BP (NYSE:BP)

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