Caisse DE Depot ET Placement DU Quebec Takes $20.38 Million Position in BP plc (BP)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of BP plc (NYSE:BP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 446,300 shares of the oil and gas exploration company’s stock, valued at approximately $20,378,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlueMountain Capital Management LLC acquired a new position in BP during the second quarter worth about $64,175,000. Unio Capital LLC grew its position in BP by 5.8% during the second quarter. Unio Capital LLC now owns 186,687 shares of the oil and gas exploration company’s stock worth $8,524,000 after buying an additional 10,317 shares during the period. Nan Shan Life Insurance Co. Ltd. acquired a new position in BP during the second quarter worth about $36,528,000. Vantage Financial Partners Ltd. Inc. grew its position in BP by 95.7% during the second quarter. Vantage Financial Partners Ltd. Inc. now owns 55,275 shares of the oil and gas exploration company’s stock worth $2,524,000 after buying an additional 27,026 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in BP during the second quarter worth about $1,240,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of BP from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. TheStreet upgraded shares of BP from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, July 10th. Royal Bank of Canada upgraded shares of BP from an “outperform” rating to a “top pick” rating in a research report on Monday, July 9th. Finally, Santander upgraded shares of BP from an “underperform” rating to a “hold” rating in a research report on Friday, August 31st. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. BP presently has an average rating of “Buy” and an average target price of $47.07.

BP stock opened at $42.21 on Friday. The company has a market capitalization of $142.28 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 3.14 and a beta of 0.91. BP plc has a 12 month low of $35.24 and a 12 month high of $47.83. 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 (NYSE:BP) last released its quarterly earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The business had revenue of $75.44 billion for the quarter, compared to analyst estimates of $82.25 billion. BP had a net margin of 2.55% and a return on equity of 9.28%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. equities analysts anticipate that BP plc will post 3.4 EPS for the current fiscal year.

About BP

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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