Koshinski Asset Management Inc. lifted its holdings in BP plc (NYSE:BP) by 24.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in BP. State Street Corp grew its position in shares of BP by 4.3% during the 1st quarter. State Street Corp now owns 28,472,105 shares of the oil and gas exploration company’s stock worth $694,435,000 after buying an additional 1,171,056 shares during the period. Capital Asset Advisory Services LLC boosted its stake in BP by 116.4% during the first quarter. Capital Asset Advisory Services LLC now owns 16,352 shares of the oil and gas exploration company’s stock worth $374,000 after acquiring an additional 8,797 shares in the last quarter. Golden State Wealth Management LLC bought a new position in BP during the first quarter worth $33,000. GWM Advisors LLC grew its holdings in BP by 23.6% in the first quarter. GWM Advisors LLC now owns 47,450 shares of the oil and gas exploration company’s stock worth $1,157,000 after purchasing an additional 9,074 shares during the period. Finally, Larson Financial Group LLC increased its stake in BP by 34.5% in the first quarter. Larson Financial Group LLC now owns 3,558 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 912 shares in the last quarter. Institutional investors own 10.11% of the company’s stock.
NYSE:BP opened at $22.04 on Friday. BP plc has a 52 week low of $15.51 and a 52 week high of $40.23. The firm has a 50-day moving average price of $23.36 and a two-hundred day moving average price of $27.01. 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 firm has a market cap of $74.42 billion, a price-to-earnings ratio of -22.72 and a beta of 0.80.
BP has been the subject of several research reports. Barclays restated an “overweight” rating on shares of BP in a research note on Wednesday, July 1st. 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 reiterated an “underperform” rating on shares of BP in a report on Wednesday, April 29th. Raymond James boosted their price target on shares of BP from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of BP in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.21.
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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