Greenleaf Trust Has $504,000 Stake in BP p.l.c. (NYSE:BP)

Greenleaf Trust trimmed its holdings in BP p.l.c. (NYSE:BP) by 9.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,065 shares of the oil and gas exploration company’s stock after selling 1,851 shares during the period. Greenleaf Trust’s holdings in BP were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BP. Bank & Trust Co increased its position in shares of BP by 404.8% in the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 1,700 shares during the period. Versant Capital Management Inc increased its position in shares of BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after purchasing an additional 646 shares during the period. ORG Partners LLC increased its position in shares of BP by 32.5% in the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock worth $80,000 after purchasing an additional 621 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of BP during the 3rd quarter worth approximately $91,000. Finally, Anchor Investment Management LLC boosted its position in shares of BP by 58.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after acquiring an additional 1,154 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Stock Up 2.5 %

Shares of NYSE:BP opened at $31.64 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. BP p.l.c. has a 1 year low of $27.82 and a 1 year high of $40.40. The business’s 50-day moving average is $30.14 and its 200-day moving average is $31.43. The company has a market capitalization of $85.38 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.20 and a beta of 0.64.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank lowered shares of BP from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price objective on BP from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group upgraded BP to a “strong-buy” rating in a research report on Friday, October 11th. StockNews.com downgraded BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler cut their target price on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Twelve analysts have rated the stock with a hold rating, four have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, BP currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.76.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.