Trade Report: Today, Blue Fin Capital Inc. Acquires 275 Shares of BP PLC (BP)

Today, Blue Fin Capital Inc. Acquires 275 Shares of BP PLC (BP)

Blue Fin Capital Inc. increased its position in shares of BP PLC (NYSE:BP) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,741 shares of the oil and gas exploration company’s stock after buying an additional 275 shares during the period. Blue Fin Capital Inc.’s holdings in BP PLC were worth $275,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BP. Wellington Management Group LLP boosted its stake in shares of BP PLC by 0.3% in the first quarter. Wellington Management Group LLP now owns 7,819,554 shares of the oil and gas exploration company’s stock worth $235,994,000 after buying an additional 22,315 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of BP PLC by 84.7% in the second quarter. Acadian Asset Management LLC now owns 7,425,394 shares of the oil and gas exploration company’s stock worth $263,671,000 after buying an additional 3,405,646 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of BP PLC during the second quarter worth approximately $257,496,000. Sanders Capital LLC boosted its stake in shares of BP PLC by 0.5% in the second quarter. Sanders Capital LLC now owns 3,213,039 shares of the oil and gas exploration company’s stock worth $114,095,000 after buying an additional 15,275 shares in the last quarter. Finally, Aviance Capital Management LLC boosted its stake in shares of BP PLC by 20.2% in the second quarter. Aviance Capital Management LLC now owns 1,455,102 shares of the oil and gas exploration company’s stock worth $51,671,000 after buying an additional 244,753 shares in the last quarter. Institutional investors and hedge funds own 11.96% of the company’s stock.

BP PLC (NYSE:BP) traded up 1.2268% during midday trading on Tuesday, reaching $35.9355. The company’s stock had a trading volume of 2,392,111 shares. BP PLC has a 52 week low of $27.01 and a 52 week high of $37.53. The firm’s market capitalization is $112.46 billion. The company’s 50-day moving average is $34.65 and its 200 day moving average is $33.46.

BP PLC (NYSE:BP) last announced its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.05. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. The business had revenue of $46.44 billion for the quarter, compared to analyst estimates of $50.22 billion. During the same quarter last year, the company posted $0.07 EPS. BP PLC’s quarterly revenue was down 25.7% on a year-over-year basis. Analysts expect that BP PLC will post $1.09 earnings per share for the current fiscal year.

A number of brokerages have commented on BP. Vetr raised BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Monday, June 20th. Citigroup Inc. reaffirmed a “buy” rating on shares of BP PLC in a research report on Wednesday, June 22nd. Credit Agricole SA reaffirmed a “buy” rating on shares of BP PLC in a research report on Tuesday, August 16th. Collins Stewart reaffirmed a “buy” rating on shares of BP PLC in a research report on Thursday, June 30th. Finally, Morgan Stanley raised BP PLC from an “equal weight” rating to an “overweight” rating in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.63.

BP PLC Company Profile

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

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