Enlightenment Research LLC Takes $342,000 Position in BP plc (NYSE:BP)

Enlightenment Research LLC acquired a new stake in shares of BP plc (NYSE:BP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,000 shares of the oil and gas exploration company’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its holdings in BP by 3.5% in the second quarter. Leavell Investment Management Inc. now owns 7,954 shares of the oil and gas exploration company’s stock worth $332,000 after purchasing an additional 270 shares during the period. Beirne Wealth Consulting Services LLC boosted its holdings in BP by 3.2% in the second quarter. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock worth $375,000 after purchasing an additional 280 shares during the period. Atlas Brown Inc. boosted its holdings in BP by 0.9% in the second quarter. Atlas Brown Inc. now owns 34,920 shares of the oil and gas exploration company’s stock worth $1,456,000 after purchasing an additional 297 shares during the period. First Command Financial Services Inc. boosted its holdings in BP by 7.1% in the second quarter. First Command Financial Services Inc. now owns 4,527 shares of the oil and gas exploration company’s stock worth $189,000 after purchasing an additional 300 shares during the period. Finally, Citizens Financial Group Inc RI boosted its holdings in BP by 3.7% in the second quarter. Citizens Financial Group Inc RI now owns 8,449 shares of the oil and gas exploration company’s stock worth $352,000 after purchasing an additional 300 shares during the period. Institutional investors own 10.72% of the company’s stock.

A number of research firms have commented on BP. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.30 to $48.60 in a report on Wednesday, July 31st. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Grupo Santander raised shares of BP from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Kepler Capital Markets reaffirmed a “buy” rating on shares of BP in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.72.

Shares of BP traded up $0.42 during midday trading on Thursday, hitting $37.63. 2,297,201 shares of the stock traded hands, compared to its average volume of 6,835,663. BP plc has a 1-year low of $35.73 and a 1-year high of $45.38. The firm has a market capitalization of $126.35 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.21 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07. The business’s 50 day moving average price is $37.64 and its two-hundred day moving average price is $40.30.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $73.75 billion during the quarter, compared to the consensus estimate of $79.79 billion. As a group, equities research analysts forecast that BP plc will post 3.06 EPS for the current fiscal year.

About BP

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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