Huntington National Bank decreased its holdings in shares of BP plc (NYSE:BP) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,807 shares of the oil and gas exploration company’s stock after selling 6,408 shares during the quarter. Huntington National Bank’s holdings in BP were worth $4,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in shares of BP by 4.3% in the first quarter. State Street Corp now owns 28,472,105 shares of the oil and gas exploration company’s stock valued at $694,435,000 after buying an additional 1,171,056 shares during the period. Capital Asset Advisory Services LLC increased its stake in shares of BP by 116.4% in the first quarter. Capital Asset Advisory Services LLC now owns 16,352 shares of the oil and gas exploration company’s stock valued at $374,000 after buying an additional 8,797 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of BP in the first quarter valued at approximately $33,000. GWM Advisors LLC increased its stake in shares of BP by 23.6% in the first quarter. GWM Advisors LLC now owns 47,450 shares of the oil and gas exploration company’s stock valued at $1,157,000 after buying an additional 9,074 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of BP by 34.5% in the first quarter. Larson Financial Group LLC now owns 3,558 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 912 shares during the period. 10.11% of the stock is owned by hedge funds and other institutional investors.

Shares of BP traded down $0.40 during trading hours on Friday, reaching $22.04. The stock had a trading volume of 11,139,704 shares, compared to its average volume of 8,928,809. BP plc has a 12 month low of $15.51 and a 12 month high of $40.23. The firm has a 50-day simple moving average of $23.36 and a 200 day simple moving average of $27.01. The company has a current ratio of 1.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of -22.72 and a beta of 0.80.

BP (NYSE:BP) last issued its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). BP had a positive return on equity of 8.53% and a negative net margin of 1.19%. The firm had revenue of $59.65 billion during the quarter, compared to the consensus estimate of $56.89 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. BP’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities analysts forecast that BP plc will post -0.45 EPS for the current year.

A number of analysts have weighed in on BP shares. Redburn Partners raised shares of BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Tuesday, July 7th. DZ Bank reissued a “sell” rating on shares of BP in a research report on Monday, June 15th. Wolfe Research raised shares of BP from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, June 2nd. Finally, Cfra decreased their target price on shares of BP from $42.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.21.

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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