BP plc (BP) Shares Sold by Arvest Bank Trust Division

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Arvest Bank Trust Division lowered its position in BP plc (NYSE:BP) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,555 shares of the oil and gas exploration company’s stock after selling 1,332 shares during the quarter. Arvest Bank Trust Division’s holdings in BP were worth $440,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BP. Squar Milner Financial Services LLC increased its stake in BP by 250.4% in the third quarter. Squar Milner Financial Services LLC now owns 2,835 shares of the oil and gas exploration company’s stock valued at $131,000 after acquiring an additional 2,026 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in BP by 1,375.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,950 shares of the oil and gas exploration company’s stock valued at $135,000 after acquiring an additional 2,750 shares during the last quarter. Clarus Wealth Advisors bought a new position in BP in the second quarter valued at $165,000. Destination Wealth Management increased its stake in BP by 2,782.4% in the second quarter. Destination Wealth Management now owns 4,093 shares of the oil and gas exploration company’s stock valued at $187,000 after acquiring an additional 3,951 shares during the last quarter. Finally, Wall Street Access Asset Management LLC bought a new position in BP in the third quarter valued at $201,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BP opened at $42.21 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. BP plc has a 12-month low of $36.15 and a 12-month high of $47.83. The stock has a market cap of $136.69 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.90.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. BP had a net margin of 2.55% and a return on equity of 9.28%. The business had revenue of $75.44 billion during the quarter, compared to analyst estimates of $82.25 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. Sell-side analysts predict that BP plc will post 3.4 earnings per share for the current fiscal year.

BP has been the topic of a number of research analyst reports. Goldman Sachs Group raised BP from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 9th. Morgan Stanley raised BP from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 5th. HSBC raised BP to a “buy” rating in a research note on Monday, July 30th. Santander raised BP from an “underperform” rating to a “hold” rating in a research note on Friday, August 31st. Finally, Redburn Partners raised BP from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. BP has a consensus rating of “Buy” and a consensus target price of $53.44.

BP Company 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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