Larson Financial Group LLC Has $170,000 Holdings in BP plc (NYSE:BP)

Larson Financial Group LLC raised its stake in BP plc (NYSE:BP) by 188.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,467 shares of the oil and gas exploration company’s stock after acquiring an additional 2,918 shares during the quarter. Larson Financial Group LLC’s holdings in BP were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BP. OLD Dominion Capital Management Inc. raised its stake in BP by 2.2% during the second quarter. OLD Dominion Capital Management Inc. now owns 26,077 shares of the oil and gas exploration company’s stock worth $1,087,000 after acquiring an additional 550 shares in the last quarter. BB&T Corp increased its stake in BP by 3.2% in the 2nd quarter. BB&T Corp now owns 244,969 shares of the oil and gas exploration company’s stock worth $10,216,000 after purchasing an additional 7,698 shares during the period. Columbia Asset Management increased its stake in BP by 12.6% in the 1st quarter. Columbia Asset Management now owns 52,569 shares of the oil and gas exploration company’s stock worth $2,298,000 after purchasing an additional 5,863 shares during the period. Creative Financial Designs Inc. ADV increased its stake in BP by 64.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,681 shares of the oil and gas exploration company’s stock worth $69,000 after purchasing an additional 660 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in BP by 28.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 42,921 shares of the oil and gas exploration company’s stock worth $1,790,000 after purchasing an additional 9,455 shares during the period. 10.72% of the stock is currently owned by institutional investors.

Shares of BP traded up $0.37 during mid-day trading on Friday, hitting $37.53. 3,127,802 shares of the company’s stock traded hands, compared to its average volume of 7,763,689. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. BP plc has a 1 year low of $35.73 and a 1 year high of $45.38. The firm has a market capitalization of $126.18 billion, a P/E ratio of 9.88, a PEG ratio of 1.20 and a beta of 0.75. The business’s 50-day moving average price is $37.52 and its 200-day moving average price is $40.49.

BP (NYSE:BP) last posted its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. BP had a return on equity of 12.12% and a net margin of 2.97%. The firm had revenue of $73.75 billion for the quarter, compared to analysts’ expectations of $79.79 billion. Sell-side analysts anticipate that BP plc will post 3.06 earnings per share for the current fiscal year.

A number of brokerages have commented on BP. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP in a research note on Friday, August 30th. Kepler Capital Markets reaffirmed a “buy” rating on shares of BP in a research note on Monday, September 16th. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target on the stock. in a research note on Wednesday, July 10th. ValuEngine raised BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Grupo Santander raised BP from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.72.

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).

Further Reading: G-20

Institutional Ownership by Quarter for BP (NYSE:BP)

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