BP PLC Add to portfolio

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in shares of BP plc (NYSE:BP) by 48.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Asset Management Inc. now owns 170,929 shares of the oil and gas exploration company’s stock valued at $7,128,000 after buying an additional 2,825 shares in the last quarter. South Texas Money Management Ltd. raised its position in shares of BP by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 939,586 shares of the oil and gas exploration company’s stock valued at $39,181,000 after buying an additional 2,710 shares in the last quarter. Shares of BP stock traded up $0.08 during midday trading on Thursday, hitting $38.59.

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Several other hedge funds and other institutional investors have also recently bought and sold shares of BP. Private Asset Management Inc. now owns 170,929 shares of the oil and gas exploration company’s stock worth $7,128,000 after buying an additional 2,825 shares in the last quarter. South Texas Money Management Ltd. grew its stake in shares of BP by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 939,586 shares of the oil and gas exploration company’s stock worth $39,181,000 after buying an additional 2,710 shares in the last quarter. The firm has a market capitalization of $133.14 billion, a P/E ratio of 10.13, a PEG ratio of 1.36 and a beta of 0.75. 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 report on Wednesday, July 31st.

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BP comprises 1.8% of Torray LLC’s investment portfolio, making the stock its 24th largest holding. A number of other institutional investors have also recently made changes to their positions in the stock. Focused Wealth Management Inc purchased a new position in BP during the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of BP in the third quarter worth about $25,000. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st.

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BP (LON:BP)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday, October 29th, Borsen Zeitung reports. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 550 ($7.19) target price on shares of BP in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock was bought at an average price of GBX 505 ($6.60) per share, with a total value of £318.15 ($415.72).

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A number of other institutional investors and hedge funds have also added to or reduced their stakes in BP. Beirne Wealth Consulting Services LLC now owns 8,964 shares of the oil and gas exploration company’s stock valued at $375,000 after purchasing an additional 280 shares during the last quarter. The stock has a market capitalization of $133.14 billion, a PE ratio of 10.13, a PEG ratio of 1.36 and a beta of 0.75. DZ Bank reduced their price target on shares of BP from $620.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th.

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Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock valued at $446,003,000 after buying an additional 1,452,653 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in BP during the 2nd quarter worth approximately $50,840,000. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP in a report on Wednesday, October 23rd. Societe Generale cut their price target on shares of BP from $570.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th.

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Focused Wealth Management Inc acquired a new position in shares of BP in the second quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in BP during the third quarter worth $25,000. Shares of NYSE BP traded down $0.31 during mid-day trading on Wednesday, hitting $38.34. The firm has a market cap of $133.14 billion, a P/E ratio of 10.10, a PEG ratio of 1.36 and a beta of 0.75. UBS Group reaffirmed a “buy” rating on shares of BP in a research report on Monday, October 28th. Societe Generale lowered their price target on BP from $570.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th.

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AE Wealth Management LLC lessened its holdings in shares of BP plc (NYSE:BP) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and upped their price objective for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. 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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It comes as climate protesters from the group BP Or Not BP blocked a VIP reception at the BP-sponsored Troy exhibition at the British Museum. Their efforts have borne fruit in recent years, as the Tate and the Edinburgh International Festival have ended their links to the firm, while last month, the Royal Shakespeare Company severed its ties. When asked if there would be a point when the negative publicity BP was receiving for sponsoring arts institutions would outweigh the benefits for the company, Mr Mather said: "I hope not. "I like to think of this as an active debate. The difference in a way between companies like mine, where the British government is, where many governments are and where some of the climate activists are is only a period of 25 years." When we put it to him those 25 years would be make or break and could make all the difference in terms of climate change, he replied: "You're absolutely right. "I think it's really important that we do get a sense of urgency... We have to start now as we are but we need to do more. "Jess Worth, co-director of Culture Unstained, which campaigns to end oil sponsorship of arts institutions, said companies like BP need to be denied their "social licence", or "the permission that we as a society give to BP to continue extracting fossil fuels".

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BP plc (LON:BP) declared a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.10 per share by the oil and gas exploration company on Friday, December 20th. BP has a 12 month low of GBX 452.38 ($5.91) and a 12 month high of GBX 583.40 ($7.62). Credit Suisse Group decreased their price target on shares of BP from GBX 605 ($7.91) to GBX 580 ($7.58) and set a “neutral” rating on the stock in a research note on Tuesday, October 29th.

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