Cetera Advisor Networks LLC Sells 615 Shares of BP plc (NYSE:BP)

Cetera Advisor Networks LLC cut its holdings in shares of BP plc (NYSE:BP) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 47,928 shares of the oil and gas exploration company’s stock after selling 615 shares during the period. Cetera Advisor Networks LLC’s holdings in BP were worth $1,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Focused Wealth Management Inc acquired a new position in shares of BP during the second quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in shares of BP during the third quarter worth $25,000. Knuff & Co LLC acquired a new position in shares of BP during the third quarter worth $27,000. Horan Securities Inc. increased its holdings in shares of BP by 39.5% during the third quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after buying an additional 264 shares in the last quarter. Finally, Rocky Mountain Advisers LLC acquired a new position in shares of BP during the second quarter worth $36,000. Hedge funds and other institutional investors own 10.75% of the company’s stock.

Several brokerages have recently issued reports on BP. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BP in a report on Wednesday, October 23rd. Grupo Santander upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Societe Generale lowered their price target on shares of BP from $570.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and upped their price target for the stock from $46.30 to $48.60 in a report on Wednesday, July 31st. Finally, Barclays lowered their price target on shares of BP from $700.00 to $650.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $273.43.

NYSE BP opened at $39.21 on Friday. The company has a market capitalization of $133.14 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.36 and a beta of 0.75. BP plc has a twelve month low of $35.73 and a twelve month high of $45.38. The stock has a fifty day simple moving average of $38.21 and a 200 day simple moving average of $39.48. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.66.

BP 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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