Augustine Asset Management Inc. Sells 668 Shares of BP p.l.c. (NYSE:BP)

Augustine Asset Management Inc. lessened its holdings in shares of BP p.l.c. (NYSE:BP) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,868 shares of the oil and gas exploration company’s stock after selling 668 shares during the period. Augustine Asset Management Inc.’s holdings in BP were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank & Trust Co boosted its stake in BP by 404.8% in 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 during the period. Versant Capital Management Inc boosted its position in shares of BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 646 shares during the period. ORG Partners LLC grew its stake in BP by 32.5% during the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $80,000 after acquiring an additional 621 shares in the last quarter. Anchor Investment Management LLC increased its holdings 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 period. Finally, ST Germain D J Co. Inc. boosted its holdings in BP by 9.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 4,549 shares of the oil and gas exploration company’s stock valued at $143,000 after purchasing an additional 377 shares during the period. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BP. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James lifted their price target on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, BP currently has an average rating of “Moderate Buy” and a consensus price target of $38.76.

BP Stock Performance

BP stock opened at $34.55 on Wednesday. The firm has a fifty day simple moving average of $30.47 and a two-hundred day simple moving average of $31.34. BP p.l.c. has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a market capitalization of $92.50 billion, a PE ratio of 36.37, a P/E/G ratio of 2.26 and a beta of 0.64. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66.

BP (NYSE:BP) last issued its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 1.36% and a return on equity of 12.91%. Research analysts expect that BP p.l.c. will post 3.35 EPS for the current year.

BP Profile

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.