Arlington Partners LLC Purchases New Shares in BP plc (NYSE:BP)

Arlington Partners LLC purchased a new position in shares of BP plc (NYSE:BP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,400 shares of the oil and gas exploration company’s stock, valued at approximately $53,000.

A number of other large investors have also modified their holdings of BP. Park National Corp OH raised its holdings in shares of BP by 15.0% in the 2nd quarter. Park National Corp OH now owns 95,449 shares of the oil and gas exploration company’s stock valued at $3,980,000 after purchasing an additional 12,478 shares during the period. Private Asset Management Inc. grew its stake in BP by 1.7% in the 2nd quarter. Private Asset Management Inc. now owns 170,929 shares of the oil and gas exploration company’s stock valued at $7,128,000 after buying an additional 2,825 shares during the last quarter. South Texas Money Management Ltd. grew its stake in BP by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 939,586 shares of the oil and gas exploration company’s stock valued at $39,181,000 after buying an additional 2,710 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its position in shares of BP by 4.8% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 10,134 shares of the oil and gas exploration company’s stock worth $423,000 after purchasing an additional 460 shares in the last quarter. Finally, Rockland Trust Co. grew its position in shares of BP by 9.8% during the 2nd quarter. Rockland Trust Co. now owns 9,305 shares of the oil and gas exploration company’s stock worth $388,000 after purchasing an additional 829 shares in the last quarter. 10.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on BP. UBS Group restated a “buy” rating on shares of BP in a research report on Monday, October 28th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. Grupo Santander upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Kepler Capital Markets restated a “buy” rating and set a $650.00 target price on shares of BP in a research report on Wednesday, October 30th. Finally, Argus lowered shares of BP from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $273.43.

NYSE:BP traded down $0.13 on Friday, hitting $39.19. The company had a trading volume of 6,955,769 shares, compared to its average volume of 6,209,801. The stock has a market capitalization of $133.51 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.38 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $38.15 and a two-hundred day moving average of $39.64. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38.

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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