BP plc (NYSE:BP) Shares Sold by First Dallas Securities Inc.

First Dallas Securities Inc. decreased its holdings in shares of BP plc (NYSE:BP) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,480 shares of the oil and gas exploration company’s stock after selling 500 shares during the quarter. First Dallas Securities Inc.’s holdings in BP were worth $437,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in BP in the second quarter valued at $25,000. Marino Stram & Associates LLC boosted its holdings in BP by 71.0% in the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 277 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in BP in the second quarter valued at $36,000. Next Capital Management LLC acquired a new position in BP in the second quarter valued at $38,000. Finally, Manchester Financial Inc. acquired a new position in BP in the second quarter valued at $40,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

BP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP in a report on Friday, August 30th. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price on the stock. in a report on Wednesday, July 10th. Kepler Capital Markets reiterated a “buy” rating on shares of BP in a report on Monday, September 16th. Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and lifted their target price for the company from $46.30 to $48.60 in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.04.

Shares of BP traded down $0.30 during midday trading on Tuesday, reaching $37.69. 231,366 shares of the company were exchanged, compared to its average volume of 7,017,793. The stock has a 50-day moving average price of $37.43 and a 200-day moving average price of $40.85. The company has a market cap of $129.91 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 1.24 and a beta of 0.77. BP plc has a 1-year low of $35.73 and a 1-year high of $47.05. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. The company had revenue of $73.75 billion for the quarter, compared to analysts’ expectations of $79.79 billion. BP had a return on equity of 12.12% and a net margin of 2.97%. Equities research analysts anticipate that BP plc will post 3.06 earnings per share for the current year.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. 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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Institutional Ownership by Quarter for BP (NYSE:BP)

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