Benjamin F. Edwards & Company cut its position in BP plc (NYSE:BP) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,870 shares of the oil and gas exploration company’s stock after selling 1,665 shares during the period. Benjamin F. Edwards & Company’s holdings in BP plc were worth $402,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BP. Beacon Financial Group increased 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 valued at $252,000 after buying an additional 100 shares during the period. Leith Wheeler Investment Counsel bought a new position in BP plc during the fourth quarter valued at approximately $367,000. Park National increased its position in BP plc by 17.3% in the fourth quarter. Park National now owns 18,261 shares of the oil and gas exploration company’s stock valued at $570,000 after buying an additional 2,699 shares during the period. CT Financial Advisors increased 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 valued at $680,610 after buying an additional 473 shares during the period. Finally, Assetmark bought a new position in BP plc during the third quarter valued at approximately $2,787,000.

BP plc (NYSE:BP) traded down 0.78% during mid-day trading on Wednesday, hitting $30.50. 7,865,101 shares of the company’s stock traded hands. BP plc has a one year low of $27.56 and a one year high of $43.85. The stock’s market cap is $93.28 billion. The firm’s 50-day moving average price is $30.42 and its 200-day moving average price is $33.50.

BP plc (NYSE:BP) last issued its 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 last year, the business earned $0.99 earnings per share. The company earned $54.73 billion during the quarter, compared to analyst estimates of $46.76 billion. The firm’s revenue was down 41.7% compared to the same quarter last year. On average, analysts forecast that BP plc will post $2.08 EPS for the current fiscal year.

BP has been the topic of several research reports. Evercore ISI upgraded shares of BP plc from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, November 3rd. Argus reduced their price target on shares of BP plc from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 27th. Zacks Investment Research upgraded shares of BP plc from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Credit Agricole began coverage on shares of BP plc in a research report on Tuesday, December 15th. They set a “buy” rating on the stock. Finally, Scotiabank reiterated a “sector perform” rating and set a $40.00 price objective (up previously from $33.00) on shares of BP plc in a research report on Wednesday, October 28th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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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