Cornerstone Investment Partners LLC Decreases Stake in BP plc (BP) – Fairfield Current
Cornerstone Investment Partners LLC decreased its position in BP plc (NYSE:BP) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The stock had a trading volume of 269,562 shares, compared to its average volume of 6,909,406. The company has a market capitalization of $134.93 billion, a PE ratio of 21.43, a P/E/G ratio of 1.57 and a beta of 0.80. Redburn Partners raised BP from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 3rd.