Greenleaf Trust Sells 1,851 Shares of BP p.l.c. (NYSE:BP)

Greenleaf Trust lessened its stake in BP p.l.c. (NYSE:BP) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,065 shares of the oil and gas exploration company’s stock after selling 1,851 shares during the quarter. Greenleaf Trust’s holdings in BP were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank & Trust Co increased its holdings in BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 1,700 shares in the last quarter. Versant Capital Management Inc increased its holdings in BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after purchasing an additional 646 shares in the last quarter. ORG Partners LLC increased its holdings in BP by 32.5% during the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock worth $80,000 after purchasing an additional 621 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in BP during the 3rd quarter worth approximately $91,000. Finally, Anchor Investment Management LLC boosted its position in BP by 58.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after acquiring an additional 1,154 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BP. Piper Sandler reduced their price target on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Raymond James boosted their price target on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised BP to a “strong-buy” rating in a research report on Friday, October 11th. Twelve investment analysts have rated the stock with a hold rating, four have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, BP presently has an average rating of “Moderate Buy” and an average target price of $38.76.

BP Price Performance

BP stock opened at $31.64 on Wednesday. BP p.l.c. has a 12 month low of $27.82 and a 12 month high of $40.40. The stock’s 50 day moving average is $30.14 and its 200-day moving average is $31.43. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $85.38 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.20 and a beta of 0.64.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.