BP plc (NYSE:BP) has received an “A-” credit rating from Morningstar. The firm’s “A-” rating suggests that the company is a low default risk. They also gave their stock a three star rating.

Several hedge funds and institutional investors have modified their holdings of the stock. CT Financial Advisors increased its position 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. Park National increased its position in shares of 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 worth $570,000 after buying an additional 2,699 shares during the period. Finally, Beacon Financial Group increased its position 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 during the period.

Shares of BP plc (NYSE:BP) opened at 31.70 on Tuesday. The stock’s market capitalization is $96.95 billion. BP plc has a one year low of $27.56 and a one year high of $43.85. The company’s 50 day moving average price is $30.45 and its 200 day moving average price is $33.25.

Several other research firms have also weighed in on BP. Evercore ISI raised BP plc from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, November 3rd. Argus lowered their target price on BP plc from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 27th. Zacks Investment Research raised BP plc from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Credit Agricole initiated coverage on BP plc in a report on Tuesday, December 15th. They issued a “buy” rating on the stock. Finally, Scotiabank reissued a “sector perform” rating and issued a $40.00 target price (up previously from $33.00) on shares of BP plc in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. BP plc 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.

12 Month Chart for NYSE:BP

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