Bank of America Corp DE Boosts Holdings in BP plc (NYSE:BP) – TechNewsObserver
Several other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN now owns 6,015,838 shares of the oil and gas exploration company’s stock valued at $250,860,000 after acquiring an additional 295,592 shares in the last quarter. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $46.30 to $48.60 in a research note on Wednesday, July 31st. 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.