Delta Capital Management LLC Sells 8,500 Shares of BP plc (NYSE:BP)

Delta Capital Management LLC lowered its position in BP plc (NYSE:BP) by 7.7% during the 3rd quarter, Holdings Channel reports. The fund owned 101,760 shares of the oil and gas exploration company’s stock after selling 8,500 shares during the period. BP makes up 2.6% of Delta Capital Management LLC’s portfolio, making the stock its 13th largest holding. Delta Capital Management LLC’s holdings in BP were worth $3,866,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BP. OLD Dominion Capital Management Inc. raised its stake in shares of BP by 2.2% in the second quarter. OLD Dominion Capital Management Inc. now owns 26,077 shares of the oil and gas exploration company’s stock worth $1,087,000 after purchasing an additional 550 shares during the last quarter. BB&T Corp increased its position in shares of BP by 3.2% during the second quarter. BB&T Corp now owns 244,969 shares of the oil and gas exploration company’s stock valued at $10,216,000 after acquiring an additional 7,698 shares during the last quarter. Columbia Asset Management increased its position in shares of BP by 12.6% during the first quarter. Columbia Asset Management now owns 52,569 shares of the oil and gas exploration company’s stock valued at $2,298,000 after acquiring an additional 5,863 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in BP by 64.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,681 shares of the oil and gas exploration company’s stock valued at $69,000 after purchasing an additional 660 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in BP by 28.3% during the second quarter. Gamco Investors INC. ET AL now owns 42,921 shares of the oil and gas exploration company’s stock valued at $1,790,000 after purchasing an additional 9,455 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

A number of equities analysts have recently commented on the company. Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 price target for the company. in a report on Wednesday, July 10th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $46.30 to $48.60 in a research note on Wednesday, July 31st. ValuEngine upgraded BP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a research report on Friday, August 30th. Finally, Grupo Santander upgraded BP from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.72.

Shares of BP traded up $0.33 during mid-day trading on Friday, reaching $37.49. The company had a trading volume of 426,942 shares, compared to its average volume of 7,763,689. BP plc has a 52 week low of $35.73 and a 52 week high of $45.38. The company has a market capitalization of $126.18 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. The firm has a 50-day moving average price of $37.52 and a 200 day moving average price of $40.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The firm had revenue of $73.75 billion during the quarter, compared to analyst estimates of $79.79 billion. BP had a return on equity of 12.12% and a net margin of 2.97%. As a group, research analysts forecast that BP plc will post 3.06 earnings per share for the current fiscal 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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