Capital Investment Advisory Services LLC Has $815,000 Stock Position in BP plc (NYSE:BP)

Capital Investment Advisory Services LLC lifted its position in BP plc (NYSE:BP) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,709 shares of the oil and gas exploration company’s stock after acquiring an additional 1,924 shares during the period. Capital Investment Advisory Services LLC’s holdings in BP were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in BP. Corient Capital Partners LLC lifted its stake in BP by 48.5% in the 2nd quarter. Corient Capital Partners LLC now owns 12,369 shares of the oil and gas exploration company’s stock valued at $516,000 after buying an additional 4,042 shares in the last quarter. Wellington Shields & Co. LLC lifted its stake in BP by 4.9% in the 2nd quarter. Wellington Shields & Co. LLC now owns 19,210 shares of the oil and gas exploration company’s stock valued at $801,000 after buying an additional 900 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in BP in the 2nd quarter valued at about $200,000. Berkeley Capital Partners LLC lifted its stake in BP by 5.3% in the 2nd quarter. Berkeley Capital Partners LLC now owns 9,434 shares of the oil and gas exploration company’s stock valued at $393,000 after buying an additional 475 shares in the last quarter. Finally, Concorde Asset Management LLC lifted its stake in BP by 8.4% in the 2nd quarter. Concorde Asset Management LLC now owns 26,350 shares of the oil and gas exploration company’s stock valued at $1,102,000 after buying an additional 2,048 shares in the last quarter. 10.77% of the stock is currently owned by institutional investors.

NYSE:BP opened at $37.84 on Friday. The company has a market cap of $128.49 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $41.21. BP plc has a 52 week low of $35.73 and a 52 week high of $47.16. 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 (NYSE:BP) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. BP had a net margin of 2.97% and a return on equity of 12.12%. The business had revenue of $73.75 billion during the quarter, compared to analysts’ expectations of $79.79 billion. On average, analysts expect that BP plc will post 3.06 EPS for the current year.

A number of research analysts have weighed in on the stock. Grupo Santander raised shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group lowered shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price on the stock. in a research note on Wednesday, July 10th. ValuEngine lowered shares of BP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.30 to $48.60 in a research note on Wednesday, July 31st. Finally, BMO Capital Markets initiated coverage on shares of BP in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.04.

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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