Union Bankshares cut its position in BP plc (NYSE:BP) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,514 shares of the oil and gas exploration company’s stock after selling 1,058 shares during the period. Union Bankshares’ holdings in BP plc were worth $360,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BP. Beacon Financial Group raised 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 last quarter. Park National raised 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 last quarter. CT Financial Advisors raised 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 during the last quarter. Assetmark bought a new position in shares of BP plc during the third quarter worth approximately $2,787,000. Finally, Leith Wheeler Investment Counsel bought a new position in shares of BP plc during the fourth quarter worth approximately $367,000.

Shares of BP plc (NYSE:BP) traded up 3.02% during mid-day trading on Friday, hitting $30.35. 14,915,505 shares of the stock were exchanged. The stock’s market cap is $92.82 billion. The stock’s 50 day moving average is $30.53 and its 200-day moving average is $33.72. BP plc has a 12 month low of $27.56 and a 12 month high of $43.85.

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, beating the Zacks’ consensus estimate of $0.33 by $0.27. The company had revenue of $54.73 billion for the quarter, compared to analysts’ expectations of $46.76 billion. The firm’s revenue for the quarter was down 41.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, analysts anticipate that BP plc will post $2.09 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of BP plc in a research note on Monday, September 28th. They issued an “outperform” rating for the company. Vetr cut shares of BP plc from a “strong-buy” rating to a “buy” rating and set a $33.61 price target for the company. in a research report on Thursday, October 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of BP plc in a research report on Tuesday, October 6th. Zacks Investment Research raised shares of BP plc from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Howard Weil increased their price target on shares of BP plc from $33.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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.

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