Pacer Advisors Inc. Grows Holdings in BP plc (NYSE:BP)

Pacer Advisors Inc. increased its position in BP plc (NYSE:BP) by 8.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 117,862 shares of the oil and gas exploration company’s stock after buying an additional 8,921 shares during the quarter. Pacer Advisors Inc.’s holdings in BP were worth $4,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BP. FMR LLC increased its holdings in BP by 18.6% in the 1st quarter. FMR LLC now owns 30,833,002 shares of the oil and gas exploration company’s stock worth $1,348,019,000 after acquiring an additional 4,832,518 shares in the last quarter. Invesco Ltd. increased its holdings in BP by 15.7% in the 2nd quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock worth $446,003,000 after acquiring an additional 1,452,653 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in BP in the 2nd quarter worth approximately $53,354,000. Point72 Asset Management L.P. purchased a new stake in BP in the 2nd quarter worth approximately $50,840,000. Finally, Verition Fund Management LLC increased its holdings in BP by 812.8% in the 2nd quarter. Verition Fund Management LLC now owns 976,037 shares of the oil and gas exploration company’s stock worth $40,701,000 after acquiring an additional 869,110 shares in the last quarter. 10.72% of the stock is owned by institutional investors.

NYSE BP opened at $37.46 on Friday. 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 has a market capitalization of $127.20 billion, a P/E ratio of 9.86, a P/E/G ratio of 1.21 and a beta of 0.75. BP plc has a one year low of $35.73 and a one year high of $45.38. The stock has a 50 day moving average price of $37.53 and a 200-day moving average price of $40.46.

BP (NYSE:BP) last posted its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $73.75 billion during the quarter, compared to the consensus estimate of $79.79 billion. BP had a return on equity of 12.12% and a net margin of 2.97%. As a group, equities analysts predict that BP plc will post 3.06 EPS for the current fiscal year.

Several equities research analysts recently issued reports on BP shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of BP in a report on Friday, August 30th. Credit Suisse Group downgraded BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target for the company. in a research note on Wednesday, July 10th. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and upped their price target for the stock from $46.30 to $48.60 in a research note on Wednesday, July 31st. Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, ValuEngine upgraded BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.72.

About BP

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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