BP plc (BP) Shares Bought by Cullen Frost Bankers Inc.

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Cullen Frost Bankers Inc. grew its holdings in BP plc (NYSE:BP) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,069 shares of the oil and gas exploration company’s stock after purchasing an additional 1,760 shares during the period. Cullen Frost Bankers Inc.’s holdings in BP were worth $4,245,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. One Capital Management LLC grew its holdings in shares of BP by 2.0% in the third quarter. One Capital Management LLC now owns 56,623 shares of the oil and gas exploration company’s stock worth $2,610,000 after acquiring an additional 1,113 shares during the period. Formidable Asset Management LLC grew its holdings in shares of BP by 8.8% in the second quarter. Formidable Asset Management LLC now owns 14,033 shares of the oil and gas exploration company’s stock worth $641,000 after acquiring an additional 1,138 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of BP by 5.9% in the second quarter. Checchi Capital Advisers LLC now owns 22,985 shares of the oil and gas exploration company’s stock worth $1,050,000 after acquiring an additional 1,277 shares during the period. Parallel Advisors LLC grew its holdings in shares of BP by 29.0% in the second quarter. Parallel Advisors LLC now owns 5,866 shares of the oil and gas exploration company’s stock worth $267,000 after acquiring an additional 1,320 shares during the period. Finally, Salient Trust Co. LTA grew its holdings in shares of BP by 5.8% in the second quarter. Salient Trust Co. LTA now owns 24,560 shares of the oil and gas exploration company’s stock worth $1,121,000 after acquiring an additional 1,336 shares during the period. 10.72% of the stock is owned by institutional investors and hedge funds.

BP has been the subject of several research analyst reports. Zacks Investment Research lowered BP from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Goldman Sachs Group raised BP from a “buy” rating to a “conviction-buy” rating in a report on Thursday, August 9th. Redburn Partners raised BP from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 3rd. HSBC raised BP to a “buy” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of BP in a report on Tuesday, October 23rd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. BP has an average rating of “Buy” and a consensus price target of $53.44.

NYSE BP opened at $42.21 on Wednesday. The firm has a market cap of $136.69 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.67 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. BP plc has a fifty-two week low of $36.15 and a fifty-two week high of $47.83.

BP (NYSE:BP) last released its earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.85 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The company had revenue of $75.44 billion for the quarter, compared to the consensus estimate of $82.25 billion. BP had a return on equity of 9.28% and a net margin of 2.55%. BP’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts anticipate that BP plc will post 3.4 EPS for the current year.

BP Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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