12,062 Shares in BP plc (NYSE:BP) Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in BP plc (NYSE:BP) during the 3rd quarter, HoldingsChannel reports. The fund acquired 12,062 shares of the oil and gas exploration company’s stock, valued at approximately $458,000.

Several other institutional investors have also modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of BP by 0.9% during the second quarter. Renaissance Technologies LLC now owns 12,277,802 shares of the oil and gas exploration company’s stock valued at $511,984,000 after purchasing an additional 111,556 shares during the period. BlackRock Inc. raised its holdings in shares of BP by 0.7% during the second quarter. BlackRock Inc. now owns 12,227,888 shares of the oil and gas exploration company’s stock valued at $509,903,000 after purchasing an additional 86,190 shares during the period. Bank of America Corp DE raised its holdings in shares of BP by 1.9% during the second quarter. Bank of America Corp DE now owns 12,186,512 shares of the oil and gas exploration company’s stock valued at $508,178,000 after purchasing an additional 226,891 shares during the period. Morgan Stanley raised its holdings in shares of BP by 7.2% during the second quarter. Morgan Stanley now owns 10,754,114 shares of the oil and gas exploration company’s stock valued at $448,447,000 after purchasing an additional 724,078 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of BP by 15.7% during the second quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock valued at $446,003,000 after purchasing an additional 1,452,653 shares during the period. 10.78% of the stock is currently owned by institutional investors.

Shares of BP stock traded down $0.20 on Friday, hitting $39.12. 5,096,852 shares of the company traded hands, compared to its average volume of 7,815,843. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. BP plc has a 12-month low of $35.73 and a 12-month high of $45.38. The firm’s 50-day simple moving average is $38.14 and its 200 day simple moving average is $39.66. The company has a market cap of $133.51 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.38 and a beta of 0.75.

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A number of equities research analysts recently weighed in on BP shares. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a report on Wednesday, October 23rd. Societe Generale lowered their target price on shares of BP from $570.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. ValuEngine upgraded shares of BP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets started coverage on shares of BP in a report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 target price on the stock. Finally, Grupo Santander upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $273.43.

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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Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP plc (NYSE:BP).

Institutional Ownership by Quarter for BP (NYSE:BP)

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