CRA Financial Services LLC Increases Stock Holdings in BP plc (NYSE:BP)

CRA Financial Services LLC lifted its stake in BP plc (NYSE:BP) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,163 shares of the oil and gas exploration company’s stock after purchasing an additional 380 shares during the quarter. CRA Financial Services LLC’s holdings in BP were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in BP by 18.6% during the 1st quarter. FMR LLC now owns 30,833,002 shares of the oil and gas exploration company’s stock valued at $1,348,019,000 after purchasing an additional 4,832,518 shares in the last quarter. BlackRock Inc. raised its position in BP by 51.5% during the 1st quarter. BlackRock Inc. now owns 12,141,698 shares of the oil and gas exploration company’s stock valued at $530,835,000 after purchasing an additional 4,126,312 shares in the last quarter. Wells Fargo & Company MN raised its position in BP by 20.9% during the 1st quarter. Wells Fargo & Company MN now owns 5,720,246 shares of the oil and gas exploration company’s stock valued at $250,090,000 after purchasing an additional 989,753 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BP by 80.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,652,922 shares of the oil and gas exploration company’s stock valued at $159,705,000 after purchasing an additional 1,631,395 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in BP by 4.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,516,662 shares of the oil and gas exploration company’s stock valued at $153,748,000 after purchasing an additional 145,348 shares in the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

A number of equities research analysts have weighed in on BP shares. Royal Bank of Canada lowered BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price for the company. in a research report on Tuesday, April 16th. Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price for the company. in a research report on Wednesday, July 10th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and lifted their target price for the company from $46.30 to $48.60 in a research report on Wednesday. Finally, ValuEngine lowered BP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $51.89.

BP opened at $38.48 on Friday. The company has a market cap of $130.38 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. BP plc has a 12 month low of $36.28 and a 12 month high of $47.16. The stock has a fifty day moving average of $40.67.

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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Institutional Ownership by Quarter for BP (NYSE:BP)

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