Confluence Investment Management LLC Invests $1.30 Million in BP p.l.c. $BP

Confluence Investment Management LLC purchased a new stake in BP p.l.c. (NYSE:BP) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 35,263 shares of the oil and gas exploration company’s stock, valued at approximately $1,303,000.

Several other large investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of BP by 4.2% in the second quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock valued at $1,172,000 after acquiring an additional 1,588 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in BP by 7.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 8,295 shares of the oil and gas exploration company’s stock valued at $248,000 after purchasing an additional 568 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in BP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock valued at $375,000 after purchasing an additional 398 shares in the last quarter. WFA of San Diego LLC acquired a new stake in BP during the 2nd quarter worth $46,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of BP by 7.0% during the third quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock worth $198,000 after buying an additional 374 shares in the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

BP Trading Down 4.2%

Shares of BP stock opened at $42.42 on Wednesday. The stock has a 50 day moving average of $41.08 and a 200 day moving average of $41.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a market capitalization of $111.12 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 0.74 and a beta of 0.16. BP p.l.c. has a fifty-two week low of $32.69 and a fifty-two week high of $48.27.

BP (NYSE:BP) last posted its earnings results on Tuesday, August 4th. The oil and gas exploration company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. BP had a return on equity of 12.06% and a net margin of 1.62%.The company’s revenue for the quarter was up 106.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, research analysts predict that BP p.l.c. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BP shares. Scotiabank boosted their price target on shares of BP from $41.00 to $58.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler initiated coverage on shares of BP in a research note on Thursday, July 23rd. They issued a “neutral” rating and a $42.00 target price on the stock. BNP Paribas Exane set a $57.00 price target on BP and gave the company an “outperform” rating in a research report on Friday, April 17th. Argus upgraded BP from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Monday, May 11th. Finally, UBS Group upgraded BP from a “neutral” rating to a “buy” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, BP currently has a consensus rating of “Moderate Buy” and an average price target of $46.59.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Q2 earnings significantly exceeded expectations. BP reported underlying replacement-cost profit of approximately $5.73 billion, more than double the year-earlier result and above analyst forecasts. Higher oil and gas prices, stronger refining margins and increased trading gains—boosted by Middle East market volatility—drove the improvement. Reported EPS of $2.22 also exceeded the $1.87 consensus estimate, while revenue reached $69.11 billion. BP’s second-quarter profit more than doubles from a year ago
• Positive Sentiment: Shareholder returns and balance-sheet measures are improving. Management announced a dividend increase and said the strong cash generation provides an opportunity to accelerate debt reduction under a five-priority plan focused on simplifying operations, cutting costs and increasing shareholder value. BP Q2 2026 Earnings Call Highlights
• Positive Sentiment: Portfolio streamlining could improve returns. BP completed the sale of its Gelsenkirchen refinery and related German assets to Klesch Group, a move expected to reduce underlying operating costs by roughly $1 billion. The company is also pursuing the sale of Archaea Energy, its U.S. biogas business, reportedly valued at about $4 billion. Proceeds could support debt reduction and higher-return investments. BP completes sale of Gelsenkirchen refinery as overhaul continues

BP Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.