Family Management Corp Boosts Position in BP plc (NYSE:BP)

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Family Management Corp increased its stake in BP plc (NYSE:BP) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,210 shares of the oil and gas exploration company’s stock after buying an additional 476 shares during the period. Family Management Corp’s holdings in BP were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BP. FinTrust Capital Advisors LLC boosted its stake in BP by 1.1% during 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 purchasing an additional 267 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of BP by 3.5% during the 2nd quarter. Leavell Investment Management Inc. now owns 7,954 shares of the oil and gas exploration company’s stock valued at $332,000 after acquiring an additional 270 shares during the last quarter. Marino Stram & Associates LLC boosted its position in shares of BP by 71.0% during the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 277 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its position in shares of BP by 3.2% during the 2nd quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock valued at $375,000 after acquiring an additional 280 shares during the last quarter. Finally, Atlas Brown Inc. boosted its position in shares of BP by 0.9% during the 2nd quarter. Atlas Brown Inc. now owns 34,920 shares of the oil and gas exploration company’s stock valued at $1,456,000 after acquiring an additional 297 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors.

Shares of NYSE BP traded up $0.51 during midday trading on Friday, reaching $39.20. The stock had a trading volume of 1,350,259 shares, compared to its average volume of 6,799,014. The stock has a 50-day moving average of $37.32 and a 200-day moving average of $41.07. 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 $130.86 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. BP plc has a 12-month low of $35.73 and a 12-month high of $47.16.

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

Several research analysts have recently weighed in on the stock. Grupo Santander raised shares of BP from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. BMO Capital Markets assumed coverage on shares of BP in a report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a report on Friday, August 30th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. Finally, Credit Suisse Group lowered shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective on the stock. in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.04.

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).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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