Regentatlantic Capital LLC Grows Position in BP plc (NYSE:BP)

Regentatlantic Capital LLC boosted its stake in shares of BP plc (NYSE:BP) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,644 shares of the oil and gas exploration company’s stock after purchasing an additional 1,366 shares during the period. Regentatlantic Capital LLC’s holdings in BP were worth $2,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new position in shares of BP in the second quarter valued at about $25,000. Perkins Coie Trust Co lifted its position in shares of BP by 66.7% in the first quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 252 shares in the last quarter. Ellis Investment Partners LLC purchased a new position in shares of BP in the first quarter valued at about $29,000. Marino Stram & Associates LLC lifted its position in shares of BP by 71.0% in the first 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 in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in shares of BP in the first quarter valued at about $35,000. Institutional investors own 11.03% of the company’s stock.

Shares of NYSE:BP traded down $0.52 during mid-day trading on Friday, reaching $38.48. The stock had a trading volume of 9,591,044 shares, compared to its average volume of 7,073,118. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.07. The firm has a market cap of $132.85 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.80 and a beta of 0.74. BP plc has a 1 year low of $36.28 and a 1 year high of $47.16. The business has a 50 day moving average of $40.67.

BP (NYSE:BP) last posted its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $66.32 billion for the quarter, compared to the consensus estimate of $64.85 billion. BP had a return on equity of 12.12% and a net margin of 2.97%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, equities research analysts anticipate that BP plc will post 3.16 EPS for the current year.

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded 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 research report on Wednesday. Royal Bank of Canada downgraded BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective on the stock. 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, Credit Suisse Group downgraded BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price on the stock. in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $51.89.

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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