Sigma Planning Corp Increases Stock Holdings in BP plc (NYSE:BP)

Sigma Planning Corp lifted its stake in shares of BP plc (NYSE:BP) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,672 shares of the oil and gas exploration company’s stock after buying an additional 2,856 shares during the period. Sigma Planning Corp’s holdings in BP were worth $2,947,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Focused Wealth Management Inc purchased a new position in BP in the second quarter worth $25,000. Ellis Investment Partners LLC purchased a new position in BP in the first quarter worth $29,000. Marino Stram & Associates LLC boosted its position in BP by 71.0% in the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock worth $29,000 after purchasing an additional 277 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in BP in the first quarter worth $35,000. Finally, Bray Capital Advisors boosted its position in BP by 91.7% in the first quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 389 shares during the last quarter. 11.05% of the stock is currently owned by institutional investors.

Shares of NYSE BP traded up $0.23 during trading on Friday, reaching $36.28. 3,420,863 shares of the stock traded hands, compared to its average volume of 9,475,645. BP plc has a 52-week low of $35.73 and a 52-week high of $47.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.77. The company has a 50-day moving average of $39.51 and a 200-day moving average of $41.92. The stock has a market capitalization of $124.36 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.17 and a beta of 0.74.

Several research firms have weighed in on BP. ValuEngine cut BP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Credit Suisse Group cut BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective on the stock. in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. BP has a consensus rating of “Buy” and a consensus price target of $51.89.

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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