Koshinski Asset Management Inc. grew its position in shares of BP plc (NYSE:BP) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,890 shares of the oil and gas exploration company’s stock after acquiring an additional 3,503 shares during the period. Koshinski Asset Management Inc.’s holdings in BP were worth $417,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Avestar Capital LLC lifted its stake in BP by 63.7% in the second quarter. Avestar Capital LLC now owns 32,717 shares of the oil and gas exploration company’s stock worth $763,000 after acquiring an additional 12,737 shares during the period. Pacer Advisors Inc. bought a new position in BP in the 2nd quarter worth $2,327,000. Miller Howard Investments Inc. NY lifted its position in shares of BP by 80.0% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 270,000 shares of the oil and gas exploration company’s stock worth $6,296,000 after purchasing an additional 120,000 shares during the period. Costello Asset Management INC purchased a new stake in shares of BP in the 2nd quarter worth about $44,000. Finally, Bremer Bank National Association bought a new stake in shares of BP during the 2nd quarter valued at about $214,000. Institutional investors own 10.11% of the company’s stock.
Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and set a $26.90 price objective for the company in a report on Thursday, July 16th. Morgan Stanley lowered BP from an “equal weight” rating to an “underweight” rating in a research report on Thursday, May 14th. Zacks Investment Research downgraded BP from a “hold” rating to a “strong sell” rating and set a $25.00 price objective for the company. in a report on Tuesday, April 21st. Royal Bank of Canada restated an “underperform” rating on shares of BP in a report on Wednesday, April 29th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of BP in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. BP has a consensus rating of “Hold” and an average target price of $34.21.
Shares of BP stock opened at $22.04 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 1.01. The stock has a market capitalization of $74.42 billion, a PE ratio of -22.72 and a beta of 0.80. BP plc has a 52-week low of $15.51 and a 52-week high of $40.23. The company has a 50-day simple moving average of $23.36 and a two-hundred day simple moving average of $27.01.
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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