One Capital Management LLC boosted its holdings in BP plc (NYSE:BP) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,510 shares of the oil and gas exploration company’s stock after acquiring an additional 2,716 shares during the quarter. One Capital Management LLC’s holdings in BP were worth $2,535,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Shoker Investment Counsel Inc. lifted its holdings in shares of BP by 4.2% during the 1st quarter. Shoker Investment Counsel Inc. now owns 26,689 shares of the oil and gas exploration company’s stock valued at $1,082,000 after buying an additional 1,088 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of BP by 2.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 50,929 shares of the oil and gas exploration company’s stock valued at $2,056,000 after buying an additional 1,113 shares during the period. Arvest Bank Trust Division lifted its holdings in shares of BP by 14.8% during the 1st quarter. Arvest Bank Trust Division now owns 8,780 shares of the oil and gas exploration company’s stock valued at $356,000 after buying an additional 1,135 shares during the period. Wilkins Investment Counsel Inc. lifted its holdings in shares of BP by 0.4% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 263,418 shares of the oil and gas exploration company’s stock valued at $10,679,000 after buying an additional 1,160 shares during the period. Finally, Checchi Capital Advisers LLC lifted its holdings in shares of BP by 5.9% during the 2nd quarter. Checchi Capital Advisers LLC now owns 22,985 shares of the oil and gas exploration company’s stock valued at $1,050,000 after buying an additional 1,277 shares during the period. 10.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of BP stock opened at $42.99 on Friday. BP plc has a one year low of $33.90 and a one year high of $47.83. The firm has a market capitalization of $144.77 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.26 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.
BP (NYSE:BP) last announced its earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.85 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.85. BP had a return on equity of 9.28% and a net margin of 2.55%. The company had revenue of $75.44 billion for the quarter, compared to analysts’ expectations of $82.25 billion. During the same period last year, the firm earned $0.21 EPS. BP’s revenue for the quarter was up 33.5% compared to the same quarter last year. analysts forecast that BP plc will post 3.33 earnings per share for the current year.
BP has been the topic of several research analyst reports. Santander cut BP from a “hold” rating to an “underperform” rating in a report on Monday, May 21st. Goldman Sachs Group raised BP from a “neutral” rating to a “buy” rating and increased their price target for the company from $43.91 to $54.00 in a report on Monday, April 23rd. HSBC raised BP to a “buy” rating in a report on Monday, July 30th. Zacks Investment Research cut BP from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Royal Bank of Canada raised BP from an “outperform” rating to a “top pick” rating in a report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.84.
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: Investing in Growth Stocks
Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP plc (NYSE:BP).
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.