Augustine Asset Management Inc. Has $321,000 Stock Position in BP p.l.c. (NYSE:BP)

Augustine Asset Management Inc. decreased its holdings in shares of BP p.l.c. (NYSE:BPFree Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,868 shares of the oil and gas exploration company’s stock after selling 668 shares during the quarter. Augustine Asset Management Inc.’s holdings in BP were worth $321,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its holdings in shares of BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock worth $19,526,000 after purchasing an additional 14,436 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of BP by 5.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 454,980 shares of the oil and gas exploration company’s stock worth $14,282,000 after purchasing an additional 23,325 shares during the period. Captrust Financial Advisors increased its holdings in BP by 1.2% in the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock valued at $13,842,000 after purchasing an additional 5,150 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in BP by 3.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 343,880 shares of the oil and gas exploration company’s stock worth $10,795,000 after purchasing an additional 12,700 shares during the last quarter. Finally, Altrius Capital Management Inc lifted its holdings in BP by 9.9% during the 3rd quarter. Altrius Capital Management Inc now owns 233,776 shares of the oil and gas exploration company’s stock worth $7,338,000 after buying an additional 20,976 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley cut their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. DZ Bank cut shares of BP from a “hold” rating to a “sell” rating in a research report on Tuesday. StockNews.com lowered BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Piper Sandler dropped their price target on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Raymond James raised their price objective on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and an average target price of $38.76.

Check Out Our Latest Stock Analysis on BP

BP Price Performance

BP stock opened at $34.55 on Wednesday. The stock has a market cap of $92.50 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.26 and a beta of 0.64. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $30.47 and its two-hundred day moving average price is $31.34. BP p.l.c. has a 52 week low of $27.82 and a 52 week high of $40.40.

BP (NYSE:BPGet Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). BP had a net margin of 1.36% and a return on equity of 12.91%. On average, equities analysts predict that BP p.l.c. will post 3.35 earnings per share for the current year.

BP Profile

(Free Report)

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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