Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in shares of BP plc (NYSE:BP) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,682 shares of the oil and gas exploration company’s stock after purchasing an additional 2,000 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in BP were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stonehearth Capital Management LLC bought a new stake in BP during the fourth quarter worth $115,000. Cable Hill Partners LLC raised its position in shares of BP by 639.9% in the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after purchasing an additional 3,078 shares during the period. Baystate Wealth Management LLC raised its position in shares of BP by 832.8% in the fourth quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after purchasing an additional 2,948 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of BP in the third quarter valued at about $151,000. Finally, Country Trust Bank raised its position in shares of BP by 228.5% in the fourth quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock valued at $158,000 after purchasing an additional 2,614 shares during the period. Institutional investors and hedge funds own 9.92% of the company’s stock.

Several brokerages have recently weighed in on BP. Piper Jaffray Companies reissued a “buy” rating and issued a $39.00 price objective on shares of BP in a research report on Thursday, September 28th. Scotiabank reissued a “buy” rating and issued a $39.00 price objective on shares of BP in a research report on Wednesday, November 1st. Vetr downgraded shares of BP from a “strong-buy” rating to a “buy” rating and set a $43.32 price objective on the stock. in a research note on Wednesday, October 4th. TheStreet upgraded shares of BP from a “c” rating to a “b” rating in a research note on Wednesday, November 8th. 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.63.

BP plc (BP) traded down $0.15 on Tuesday, hitting $43.24. 6,382,641 shares of the stock were exchanged, compared to its average volume of 4,580,000. BP plc has a one year low of $33.10 and a one year high of $43.99. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm has a market cap of $141,360.00, a P/E ratio of 36.96, a P/E/G ratio of 0.89 and a beta of 0.97.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas exploration company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. BP had a net margin of 1.70% and a return on equity of 4.52%. The company had revenue of $60.81 billion for the quarter. equities analysts predict that BP plc will post 1.84 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Walter & Keenan Financial Consulting Co. MI ADV Acquires 2,000 Shares of BP plc (BP)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/01/23/walter-keenan-financial-consulting-co-mi-adv-acquires-2000-shares-of-bp-plc-bp.html.

BP 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 plc (NYSE:BP).

Institutional Ownership by Quarter for BP (NYSE:BP)

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