BP p.l.c. (NYSE:BP – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 41,181 call options on the stock. This is an increase of 48% compared to the average volume of 27,823 call options.
Institutional Investors Weigh In On BP
A number of institutional investors have recently bought and sold shares of BP. Magnolia Capital Advisors LLC purchased a new stake in BP in the 2nd quarter worth $237,000. Strategic Investment Solutions Inc. IL purchased a new stake in BP in the 2nd quarter worth $75,000. SG Americas Securities LLC increased its stake in BP by 860.7% in the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock worth $2,086,000 after buying an additional 59,546 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in BP in the 3rd quarter worth $91,000. Finally, Sanibel Captiva Trust Company Inc. grew its position in shares of BP by 46.1% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 62,920 shares of the oil and gas exploration company’s stock valued at $1,975,000 after purchasing an additional 19,857 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.
BP Price Performance
Shares of BP stock opened at $31.14 on Wednesday. BP has a one year low of $27.82 and a one year high of $40.40. The stock’s fifty day moving average is $29.96 and its 200 day moving average is $31.58. The stock has a market cap of $84.05 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.
Analysts Set New Price Targets
Several research firms recently issued reports on BP. Morgan Stanley lowered their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Scotiabank cut BP from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $42.00 to $36.00 in a research report on Thursday, October 10th. BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company lowered their price target on BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com cut BP from a “buy” rating to a “hold” rating in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.76.
Check Out Our Latest Stock Report on BP
BP Company Profile
BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.
Featured Stories
- Five stocks we like better than BP
- The Basics of Support and Resistance
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Transportation Stocks Investing
- What Does the Future Hold for Eli Lilly?
- Comparing and Trading High PE Ratio Stocks
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.