Recent Research Analysts’ Ratings Updates for BP (BP)

Several brokerages have updated their recommendations and price targets on shares of BP (NYSE: BP) in the last few weeks:

• 1/28/2025 – BP was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/17/2025 – BP had its price target raised by analysts at Raymond James from $36.00 to $37.00. They now have an “outperform” rating on the stock.
• 1/15/2025 – BP had its price target lowered by analysts at Wells Fargo & Company from $31.00 to $30.00. They now have an “equal weight” rating on the stock.
• 1/14/2025 – BP had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada.
• 1/10/2025 – BP was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/7/2025 – BP had its price target lowered by analysts at Morgan Stanley from $34.70 to $31.80. They now have an “equal weight” rating on the stock.
• 12/27/2024 – BP was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/19/2024 – BP had its price target lowered by analysts at Piper Sandler from $36.00 to $32.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – BP had its price target lowered by analysts at Wells Fargo & Company from $33.00 to $31.00. They now have an “equal weight” rating on the stock.

BP Price Performance

BP stock traded up $0.59 during midday trading on Tuesday, reaching $31.46. The company’s stock had a trading volume of 5,200,629 shares, compared to its average volume of 10,069,374. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. The stock’s 50 day simple moving average is $30.14 and its 200 day simple moving average is $31.43. The firm has a market capitalization of $84.92 billion, a PE ratio of 33.12, a P/E/G ratio of 2.20 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS increased its position in shares of BP by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company’s stock valued at $13,753,000 after buying an additional 10,262 shares in the last quarter. Asset Planning Inc purchased a new stake in BP during the 4th quarter worth about $40,000. Independence Bank of Kentucky increased its position in BP by 1,867.9% during the 4th quarter. Independence Bank of Kentucky now owns 7,970 shares of the oil and gas exploration company’s stock worth $236,000 after purchasing an additional 7,565 shares in the last quarter. Nilsine Partners LLC increased its position in BP by 24.2% during the 4th quarter. Nilsine Partners LLC now owns 22,147 shares of the oil and gas exploration company’s stock worth $655,000 after purchasing an additional 4,321 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in BP by 83.3% during the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company’s stock worth $1,577,000 after purchasing an additional 24,252 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

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.