Rothschild Investment Corp IL reduced its stake in shares of BP plc (NYSE:BP) by 10.4% in the 4th quarter, Holdings Channel reports. The firm owned 47,988 shares of the oil and gas exploration company’s stock after selling 5,561 shares during the quarter. Rothschild Investment Corp IL’s holdings in BP were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in BP by 0.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock valued at $258,345,000 after purchasing an additional 61,668 shares during the last quarter. Acadian Asset Management LLC raised its stake in BP by 17.3% during the 4th quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock valued at $270,881,000 after purchasing an additional 950,489 shares during the last quarter. Russell Investments Group Ltd. raised its stake in BP by 6.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock valued at $157,009,000 after purchasing an additional 240,212 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in BP by 4.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,975,774 shares of the oil and gas exploration company’s stock valued at $114,359,000 after purchasing an additional 126,862 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in BP by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 605,397 shares of the oil and gas exploration company’s stock valued at $23,265,000 after purchasing an additional 7,719 shares during the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

Several equities analysts recently commented on BP shares. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, November 7th. Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $40.48 target price for the company in a research note on Friday, November 17th. Evercore ISI upped their target price on shares of BP from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Finally, Kepler Capital Markets upgraded shares of BP from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.63.

Shares of BP plc (BP) traded down $0.12 during trading on Tuesday, reaching $43.27. 4,667,938 shares of the company’s stock traded hands, compared to its average volume of 5,379,264. The company has a market cap of $141,260.00, a price-to-earnings ratio of 36.98, a PEG ratio of 0.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. BP plc has a 12-month low of $33.10 and a 12-month high of $43.99.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas exploration company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The firm had revenue of $60.81 billion for the quarter. BP had a net margin of 1.70% and a return on equity of 4.52%. sell-side analysts forecast that BP plc will post 1.84 EPS for the current year.

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BP 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.

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Institutional Ownership by Quarter for BP (NYSE:BP)

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