BP plc (NYSE:BP) Stake Lowered by Shine Investment Advisory Services Inc.

Shine Investment Advisory Services Inc. cut its stake in shares of BP plc (NYSE:BP) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 732 shares of the oil and gas exploration company’s stock after selling 300 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in BP were worth $31,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of BP by 13.6% during the second quarter. Ballentine Partners LLC now owns 5,690 shares of the oil and gas exploration company’s stock worth $238,000 after buying an additional 682 shares during the period. Trust Co. of Oklahoma boosted its position in shares of BP by 12.0% during the second quarter. Trust Co. of Oklahoma now owns 6,324 shares of the oil and gas exploration company’s stock worth $264,000 after buying an additional 680 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of BP by 4.1% during the second quarter. Wetherby Asset Management Inc. now owns 49,824 shares of the oil and gas exploration company’s stock worth $2,077,000 after buying an additional 1,978 shares during the period. Beirne Wealth Consulting Services LLC boosted its position in shares of BP by 3.2% during the second quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock worth $375,000 after buying an additional 280 shares during the period. Finally, Private Advisory Group LLC boosted its position in shares of BP by 24.5% during the second quarter. Private Advisory Group LLC now owns 68,151 shares of the oil and gas exploration company’s stock worth $2,842,000 after buying an additional 13,395 shares during the period. 11.03% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Credit Suisse Group downgraded BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective for the company. in a research report on Wednesday, July 10th. Royal Bank of Canada downgraded BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective for the company. in a research report on Tuesday, April 16th. ValuEngine downgraded BP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.89.

BP traded down $0.48 during trading on Wednesday, reaching $37.14. The stock had a trading volume of 5,552,855 shares, compared to its average volume of 7,808,698. The stock has a market cap of $128.64 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. BP plc has a 1-year low of $36.28 and a 1-year high of $47.16. The stock has a 50 day simple moving average of $40.44.

BP 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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