Chicago Capital LLC grew its position in shares of BP plc (NYSE:BP) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,497 shares of the oil and gas exploration company’s stock after acquiring an additional 1,580 shares during the quarter. Chicago Capital LLC’s holdings in BP were worth $1,604,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in BP during the 3rd quarter worth approximately $25,000. Knuff & Co LLC bought a new stake in shares of BP during the 3rd quarter worth approximately $27,000. Horan Securities Inc. raised its stake in shares of BP by 39.5% during the 3rd quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock worth $35,000 after purchasing an additional 264 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of BP during the 3rd quarter worth approximately $37,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of BP during the 3rd quarter worth approximately $40,000. 10.57% of the stock is owned by hedge funds and other institutional investors.

Shares of BP stock traded up $0.02 on Tuesday, reaching $38.82. 5,489,500 shares of the company were exchanged, compared to its average volume of 9,060,866. BP plc has a one year low of $35.73 and a one year high of $45.38. The company has a market capitalization of $131.54 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.34 and a beta of 0.76. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $37.83 and a 200 day moving average of $38.33.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. BP had a return on equity of 10.67% and a net margin of 1.66%. The business had revenue of $69.29 billion for the quarter, compared to analysts’ expectations of $78.86 billion. Analysts predict that BP plc will post 2.9 earnings per share for the current year.

A number of brokerages have recently issued reports on BP. Berenberg Bank cut BP from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies began coverage on BP in a research note on Tuesday, November 26th. They set a “buy” rating and a $47.00 price objective on the stock. Wells Fargo & Co upgraded BP from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 6th. ValuEngine upgraded BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Kepler Capital Markets reiterated a “buy” rating on shares of BP in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. BP presently has a consensus rating of “Buy” and an average price target of $46.86.

BP Profile

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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