American Research & Management Co. lowered its stake in shares of BP plc (NYSE:BP) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 13,074 shares of the oil and gas exploration company’s stock after selling 208 shares during the period. American Research & Management Co.’s holdings in BP plc were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Beacon Financial Group raised its position in BP plc by 1.3% in the fourth quarter. Beacon Financial Group now owns 8,056 shares of the oil and gas exploration company’s stock worth $252,000 after buying an additional 100 shares during the last quarter. Fruth Investment Management raised its position in BP plc by 1.0% in the fourth quarter. Fruth Investment Management now owns 10,779 shares of the oil and gas exploration company’s stock worth $336,000 after buying an additional 112 shares during the last quarter. Jacobs & Company raised its position in BP plc by 0.7% in the fourth quarter. Jacobs & Company now owns 26,512 shares of the oil and gas exploration company’s stock worth $759,000 after buying an additional 179 shares during the last quarter. Private Trust Company raised its position in BP plc by 0.7% in the fourth quarter. Private Trust Company now owns 38,398 shares of the oil and gas exploration company’s stock worth $1,200,000 after buying an additional 275 shares during the last quarter. Finally, CT Financial Advisors raised its position in BP plc by 2.2% in the fourth quarter. CT Financial Advisors now owns 21,773 shares of the oil and gas exploration company’s stock worth $680,610 after buying an additional 473 shares during the last quarter.

BP plc (NYSE:BP) traded down 1.02% during midday trading on Monday, reaching $30.04. The company’s stock had a trading volume of 4,584,265 shares. The stock’s market cap is $91.87 billion. BP plc has a one year low of $27.56 and a one year high of $43.85. The stock’s 50 day moving average price is $30.53 and its 200-day moving average price is $33.72.

BP plc (NYSE:BP) last issued its quarterly earnings results on Tuesday, October 27th. The oil and gas exploration company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.27. During the same period in the previous year, the company posted $0.99 earnings per share. The business had revenue of $54.73 billion for the quarter, compared to analyst estimates of $46.76 billion. The business’s revenue for the quarter was down 41.7% on a year-over-year basis. On average, analysts forecast that BP plc will post $2.09 EPS for the current fiscal year.

Several research analysts have recently issued reports on BP shares. Vetr raised BP plc from a “hold” rating to a “buy” rating and set a $36.87 target price for the company in a research report on Monday, November 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP plc in a research report on Wednesday, October 28th. Evercore ISI raised BP plc from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, November 3rd. Oppenheimer reaffirmed a “buy” rating and set a $45.00 price objective on shares of BP plc in a research report on Wednesday, November 11th. Finally, Argus reduced their price objective on BP plc from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, November 27th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.97.

BP p.l.c. (NYSE:BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segment’s activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Company’s Downstream segment’s activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BP’s interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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