Berkshire Asset Management reduced its position in BP plc (NYSE:BP) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 128,760 shares of the oil and gas exploration company’s stock after selling 760 shares during the period. Berkshire Asset Management’s holdings in BP plc were worth $4,025,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Beacon Financial Group boosted its stake in shares of 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 in the last quarter. Fruth Investment Management boosted its stake in shares of 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 in the last quarter. Jacobs & Company boosted its stake in shares of 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 in the last quarter. CT Financial Advisors boosted its stake in shares of 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 in the last quarter. Finally, R. M. Davis boosted its stake in shares of BP plc by 10.0% in the fourth quarter. R. M. Davis now owns 8,134 shares of the oil and gas exploration company’s stock worth $254,000 after buying an additional 738 shares in the last quarter.

Shares of BP plc (NYSE:BP) opened at 30.35 on Monday. BP plc has a 52-week low of $27.56 and a 52-week high of $43.85. The stock’s market capitalization is $92.82 billion. The stock has a 50 day moving average price of $30.53 and a 200-day moving average price of $33.72.

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

BP has been the subject of a number of research reports. Evercore ISI raised BP plc from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, November 3rd. Argus lowered their price target 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. Zacks Investment Research raised BP plc from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Credit Agricole initiated coverage on BP plc in a research report on Tuesday, December 15th. They set a “buy” rating for the company. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price target (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 issued 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 target price 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.

12 Month Chart for NYSE:BP

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.