Birmingham Capital Management Co. Inc. AL increased its stake in shares of BP plc (NYSE:BP) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,146 shares of the oil and gas exploration company’s stock after buying an additional 1,741 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in BP were worth $2,209,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of BP. Focused Wealth Management Inc acquired a new position in shares of BP in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of BP in the 3rd quarter worth approximately $25,000. Knuff & Co LLC acquired a new position in shares of BP in the 3rd quarter worth approximately $27,000. Horan Securities Inc. lifted its holdings in BP by 39.5% during the 3rd quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after buying an additional 264 shares in the last quarter. Finally, Rocky Mountain Advisers LLC acquired a new stake in BP during the 2nd quarter worth approximately $36,000. Institutional investors own 10.61% of the company’s stock.
Shares of BP traded up $0.24 during midday trading on Wednesday, reaching $37.06. The stock had a trading volume of 7,031,859 shares, compared to its average volume of 6,244,242. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. The company’s fifty day simple moving average is $38.48 and its two-hundred day simple moving average is $39.08. The company has a market cap of $127.06 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.35 and a beta of 0.77. BP plc has a 1-year low of $35.73 and a 1-year high of $45.38.
BP (NYSE:BP) last posted its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.13. BP had a net margin of 1.66% and a return on equity of 10.67%. The firm had revenue of $69.29 billion for the quarter, compared to the consensus estimate of $78.86 billion. On average, sell-side analysts forecast that BP plc will post 2.91 earnings per share for the current year.
A number of equities research analysts have issued reports on BP shares. Kepler Capital Markets reiterated a “buy” rating on shares of BP in a report on Monday, September 16th. BMO Capital Markets started coverage on shares of BP in a report on Tuesday, August 20th. They set an “outperform” rating and a $53.00 target price on the stock. Argus lowered shares of BP from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP in a report on Friday, August 30th. Finally, Piper Jaffray Companies initiated coverage on shares of BP in a report on Tuesday, November 26th. They set a “buy” rating and a $47.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. BP currently has an average rating of “Buy” and a consensus price target of $45.89.
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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