Nilsine Partners LLC Acquires 4,321 Shares of BP p.l.c. (NYSE:BP)

Nilsine Partners LLC lifted its holdings in BP p.l.c. (NYSE:BP) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,147 shares of the oil and gas exploration company’s stock after acquiring an additional 4,321 shares during the period. Nilsine Partners LLC’s holdings in BP were worth $655,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BP. Quantbot Technologies LP purchased a new stake in BP in the 3rd quarter worth about $5,089,000. SG Americas Securities LLC raised its holdings in shares of BP by 860.7% in the third quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock worth $2,086,000 after buying an additional 59,546 shares during the period. Integrated Investment Consultants LLC purchased a new position in BP during the 3rd quarter valued at $857,000. Avior Wealth Management LLC grew its position in BP by 83.3% in the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock valued at $1,577,000 after acquiring an additional 24,252 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position 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 last quarter. 11.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BP shares. The Goldman Sachs Group raised BP to a “strong-buy” rating in a research note on Friday, October 11th. Raymond James increased their price target on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. StockNews.com lowered shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Finally, Scotiabank lowered shares of BP from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $42.00 to $36.00 in a report on Thursday, October 10th. Twelve equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.76.

BP Trading Down 1.0 %

Shares of NYSE:BP opened at $31.14 on Wednesday. The business’s 50 day moving average price is $29.96 and its 200-day moving average price is $31.58. BP p.l.c. has a 1 year low of $27.82 and a 1 year high of $40.40. The firm has a market capitalization of $84.05 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94.

BP (NYSE:BP) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. BP had a return on equity of 12.91% and a net margin of 1.36%. The business had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The business’s revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts forecast that BP p.l.c. will post 3.35 earnings per share for the current fiscal year.

BP Profile

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.