Godshalk Welsh Capital Management Inc. boosted its stake in shares of BP p.l.c. (NYSE:BP) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,810 shares of the oil and gas exploration company’s stock after buying an additional 650 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in BP p.l.c. were worth $304,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in BP. Parkside Financial Bank & Trust boosted its position in shares of BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in BP p.l.c. during the first quarter worth $106,000. Crestwood Advisors Group LLC purchased a new position in BP p.l.c. during the first quarter worth $114,000. AlphaMark Advisors LLC boosted its position in BP p.l.c. by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock worth $144,000 after buying an additional 600 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new position in BP p.l.c. during the fourth quarter worth $151,000. 9.98% of the stock is owned by institutional investors.
BP p.l.c. (NYSE:BP) traded up 0.49% during mid-day trading on Friday, hitting $35.16. 5,427,572 shares of the stock were exchanged. The company has a 50 day moving average price of $34.99 and a 200 day moving average price of $35.08. BP p.l.c. has a 52-week low of $32.50 and a 52-week high of $38.68. The firm has a market cap of $115.23 billion, a price-to-earnings ratio of 52.32 and a beta of 0.94.
BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. The company had revenue of $55.86 billion for the quarter, compared to analysts’ expectations of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. BP p.l.c.’s revenue was up 45.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. On average, analysts anticipate that BP p.l.c. will post $1.60 EPS for the current year.
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BP has been the topic of a number of analyst reports. Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Macquarie cut shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of BP p.l.c. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 11th. Simmons boosted their price target on shares of BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Finally, Scotiabank restated a “buy” rating and issued a $37.00 target price on shares of BP p.l.c. in a report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.01.
About BP p.l.c.
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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