Executive Wealth Management LLC Sells 351 Shares of BP plc (NYSE:BP)
Executive Wealth Management LLC decreased its position in shares of BP plc (NYSE:BP) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,354 shares of the oil and gas exploration company’s stock after selling 351 shares during the quarter. Executive Wealth Management LLC’s holdings in BP were worth $140,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BP. Geode Capital Management LLC increased its holdings in BP by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 95,330 shares of the oil and gas exploration company’s stock valued at $3,614,000 after buying an additional 635 shares during the last quarter. Norges Bank purchased a new position in shares of BP during the fourth quarter worth about $32,149,000. Flagship Harbor Advisors LLC grew its holdings in shares of BP by 91.2% during the first quarter. Flagship Harbor Advisors LLC now owns 4,961 shares of the oil and gas exploration company’s stock worth $216,000 after purchasing an additional 2,367 shares during the last quarter. Shine Investment Advisory Services Inc. grew its holdings in shares of BP by 41.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 1,032 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 300 shares during the last quarter. Finally, BTIM Corp. purchased a new position in shares of BP during the first quarter worth about $223,000. 11.05% of the stock is currently owned by institutional investors and hedge funds.
BP has been the topic of several research reports. ValuEngine lowered BP from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.30 to $48.60 in a report on Wednesday, July 31st. Finally, Credit Suisse Group lowered BP from an “outperform” rating to a “neutral” rating and set a $41.06 price objective on the stock. in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $51.89.
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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