James Investment Research Inc. decreased its stake in BP p.l.c. (NYSE:BP) by 80.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,924 shares of the oil and gas exploration company’s stock after selling 32,680 shares during the period. James Investment Research Inc.’s holdings in BP p.l.c. were worth $275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in BP p.l.c. by 2.5% in the second quarter. Trust Co. of Vermont now owns 6,863 shares of the oil and gas exploration company’s stock valued at $238,000 after buying an additional 165 shares during the period. Kempner Capital Management Inc. increased its position in BP p.l.c. by 4.8% in the second quarter. Kempner Capital Management Inc. now owns 148,384 shares of the oil and gas exploration company’s stock valued at $5,142,000 after buying an additional 6,748 shares during the period. Cornerstone Investment Partners LLC increased its position in BP p.l.c. by 0.5% in the second quarter. Cornerstone Investment Partners LLC now owns 30,491 shares of the oil and gas exploration company’s stock valued at $1,057,000 after buying an additional 148 shares during the period. First Command Bank increased its position in BP p.l.c. by 65.0% in the second quarter. First Command Bank now owns 7,510 shares of the oil and gas exploration company’s stock valued at $259,000 after buying an additional 2,958 shares during the period. Finally, Indiana Trust & Investment Management CO increased its position in BP p.l.c. by 54.1% in the second quarter. Indiana Trust & Investment Management CO now owns 9,993 shares of the oil and gas exploration company’s stock valued at $346,000 after buying an additional 3,510 shares during the period. Hedge funds and other institutional investors own 9.98% of the company’s stock.

Shares of BP p.l.c. (NYSE:BP) opened at 34.84 on Thursday. The stock has a market cap of $114.19 billion, a PE ratio of 51.85 and a beta of 0.94. BP p.l.c. has a 1-year low of $32.50 and a 1-year high of $38.68. The stock has a 50 day moving average of $35.01 and a 200 day moving average of $35.10.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The business had revenue of $55.86 billion during the quarter, compared to analyst estimates of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The company’s revenue was up 45.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities research analysts forecast that BP p.l.c. will post $1.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “BP p.l.c. (NYSE:BP) Shares Sold by James Investment Research Inc.” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/07/27/bp-p-l-c-nysebp-shares-sold-by-james-investment-research-inc.html.

Several research firms recently weighed in on BP. Societe Generale downgraded shares of BP p.l.c. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $35.04 to $34.90 in a research report on Wednesday. BidaskClub downgraded shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $35.90 price target on shares of BP p.l.c. in a research report on Friday, July 14th. Scotiabank restated a “buy” rating and set a $37.00 price target on shares of BP p.l.c. in a research report on Friday, June 30th. Finally, Kepler Capital Markets downgraded shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.01.

BP p.l.c. Company Profile

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

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

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.