Moors & Cabot Inc. reduced its position in shares of BP plc (NYSE:BP) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 115,725 shares of the oil and gas exploration company’s stock after selling 1,259 shares during the period. Moors & Cabot Inc.’s holdings in BP were worth $4,823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BP. Perkins Coie Trust Co grew its stake in shares of BP by 66.7% during the first quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 252 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in shares of BP during the first quarter worth $29,000. Marino Stram & Associates LLC grew its stake in shares of BP by 71.0% during the first quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 277 shares during the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of BP during the first quarter worth $35,000. Finally, Bray Capital Advisors grew its stake in shares of BP by 91.7% during the first quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 11.03% of the company’s stock.

Shares of BP stock traded up $0.75 during trading on Tuesday, hitting $39.84. The company’s stock had a trading volume of 2,506,488 shares, compared to its average volume of 6,581,081. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.02. BP plc has a 52 week low of $36.28 and a 52 week high of $47.16. The stock has a market capitalization of $130.31 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76. The firm’s 50-day moving average is $40.85.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. BP had a net margin of 3.26% and a return on equity of 12.19%. The company had revenue of $66.32 billion for the quarter, compared to analysts’ expectations of $64.85 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. BP’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that BP plc will post 3.18 EPS for the current fiscal year.

BP has been the topic of a number of research reports. Credit Suisse Group initiated coverage on shares of LTC Properties in a research note on Wednesday, July 10th. They set an “underperform” rating and a $19.00 target price on the stock. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada initiated coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. BP presently has an average rating of “Buy” and a consensus target price of $52.54.

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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