BP PLC Add to portfolio

A look at the shareholders of BP p.l.c. Generally speaking, as a company grows, institutions will increase their ownership. It has a market capitalization of UK£59b. Normally institutions would own a significant portion of a company this size. View our latest analysis for BP. What Does The Institutional Ownership Tell Us About BP?

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ROSNEFT OIL COMPANY (ROSN) 04-Feb-2021 / 12:38 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. Based on their longstanding partnership and taking into account the profound changes shaping the global energy transition to deliver more energy with less carbon, Rosneft and BP have agreed to cooperate in identifying and developing new low carbon solutions and programs that will support their shared sustainability goals. Commenting on the agreement signed, Rosneft Chief Executive Officer Igor Sechin said, "Rosneft and BP are united not only through the longstanding successful partnership in various areas but also in the intention to leverage this experience in future prospective projects outlined in this agreement. Rosneft was also the first company in Russia to prepare the comprehensive 2035 Carbon Management Plan featuring clear targets for reducing greenhouse gas emissions.

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Investors have also become more cautious about the sector’s prospects, as governments around the world seem to be focusing on a green recovery after the Covid-19 pandemic. The BP share price could experience a lift from an improving world economic outlook. The firm is also making significant cost cuts, as well as major asset disposals, that could lead to greater efficiency and a leaner business structure that is more adaptable to change. Therefore, in my opinion, the firm’s forward price-earnings ratio of 13 using next year’s forecast earnings per share may undervalue the company. Sure, it could be a big beneficiary of a likely return to strong economic growth in 2021 and 2022. But its major strategy shift and the investment required could mean other stocks are more likely to outperform the FTSE 100 index over the long term, in my view. Therefore, there may be better opportunities for me elsewhere, given that I’m a long-term investor who is not particularly concerned about how stocks perform over a matter of months.

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You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of BP plc (NYSE:BP) based on that data. Our calculations also showed that BP isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks). Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. The graph below displays the number of hedge funds with bullish position in BP over the last 21 quarters. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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Working on an oil rig operated by BP Plc (BP.L) nearly 190 miles (305 km) offshore in the Gulf of Mexico, the company is programming Spot to read gauges, look for corrosion, map out the facility and even sniff out methane on its Mad Dog rig. Adam Ballard, BP's facilities technology manager, said tasks performed by Spot will make the work on the rig safer by reducing the number of people. "We believe a lot of that up-front, remote work preparation can be done with a remotely-controlled robot... being able to pan, tilt, zoom and really understand the entire area in real conditions, real time," Ballard said. Boston Dynamics does not release terms of its sales agreements with companies, but the Spot robot model can be purchased for $74,500.

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It's been a sad week for Arco Platform Limited (NASDAQ:ARCE), who've watched their investment drop 10% to US$37.46 in the week since the company reported its quarterly result. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Arco Platform after the latest results. Taking into account the latest results, the most recent consensus for Arco Platform from eight analysts is for revenues of R$1.32b in 2021 which, if met, would be a huge 39% increase on its sales over the past 12 months. In the lead-up to this report, the analysts had been modelling revenues of R$1.34b and earnings per share (EPS) of R$5.62 in 2021. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

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Within days of the COVID-19 outbreak, we offered our partner schools a portfolio of technology tools, digital content and remote pedagogical support that helped them to continue providing high-quality education to students and perceived value to parents. As a result, we are experiencing high levels of user engagement and customer retention and satisfaction. Additionally, the change in our go-to-market strategy from in-person to digital-first has delivered a record number of leads at a lower cost per lead than past commercial cycles. Since September, when schools started to reopen and our sales team resumed travel, we have seen a strong rebound in new school intake. An audio replay of the call will be available through December 7th, 2020 by dialing +55 (11) 3193 1012 and entering access code 1608874#. We calculate Adjusted Net Income as profit (loss) for the year (or period) plus share-based compensation plan, restricted stock units and provision for payroll taxes (restricted stock units), plus amortization of intangible assets from business combinations (which refers to the amortization of the following intangible assets from business combinations: (i) rights on contracts, (ii) customer relationships, (iii) educational system, (iv) trademarks, (v) non-compete agreement and (vi) software resulting from acquisitions), plus/minus changes in fair value of derivative instruments (which refers to (i) changes in fair value of derivative instruments—finance income, and plus (ii) changes in fair value of derivative instruments—finance costs), plus/minus changes in accounts payable to selling shareholders plus share of loss of equity-accounted investees, plus/minus changes in current and deferred tax recognized in statements of income applied to all adjustments to net income, plus/minus foreign exchange gains/loss on cash and cash equivalents, plus/minus interest expenses (income), net, plus M&A expenses, plus non-recurring expenses and plus effects related to COVID-19 pandemic.

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BP has begun rolling out its green hydrogen plans. What's being done at this stage? BP plc and Danish renewable energy group Orsted have partnered to develop zero-carbon hydrogen at a German oil refinery. According to the oil and gas giant, the scheme will involve the development of an initial 50-megawatt electrolyser as well as “associated infrastructure” at its Lingen Refinery. Renewable, or green hydrogen, refers to hydrogen produced via the electrolysis of water, with the electricity used in the process coming from renewable sources like wind and solar.

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Veteran industry analysts say a Covid-19 vaccine won’t reinvigorate the oil price and the market could take years to recover. So what does this mean for BP (LSE:BP) shares? With a 6.3% dividend yield and with a share price near 25-year lows, there appears to be value in buying the FTSE 100 energy giant. But what’s the real story investors need to know? The oil price has now recovered to $45 a barrel from historic low, even negative, prices in April 2020. But demand is still far below supply. And the US Energy Industry Administration thinks it will remain flat over the next two years. This move has boosted BP shares and made for a slew of good headlines. But it’s a fact that a significant proportion of BP’s income still comes from selling oil and oil products like plastics to manufacturers.

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Should I buy shares in the FTSE 100 energy giant for my own portfolio? Its goal is to pivot from being an international oil company to a global leader in the renewable energy space. To achieve its goals, BP is going to increase its investment in low carbon projects to around $5bn a year – 10 times what it invests now. RBC analyst Biraj Borkhataria estimates that BP will have to spend about $60bn to achieve its renewables target, assuming a 50/50 split between offshore wind and solar power production.

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