439 hedge funds sold their entire positions in BP p.l.c. (BP)

BP p.l.c. (NYSE:BP) went up to recover about 13.28% since recording its record low price of $36.15. The stock experienced -0.58% slump, arriving at $40.95 on 12/04/2018. During the day, the stock price traveled from $40.88 to $41.47. This company shares are 23.88% off its target price of $50.73 and the current market capitalization stands at $136.32B. The recent change has given its price a -4.83% deficit over SMA 50 and -14.38% deficit over its 52-week high. The stock witnessed -1.56% declines, -4.28% declines and -11.52% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BP’s volatility during a week at 1.33% and during a month it has been found around 1.62%.

BP p.l.c. (BP) Top Holders

Institutional investors currently hold around $15.59 billion or 13.3% in BP stock. Look at its top three institutional owners. State Street Corp owns $1.14 billion in BP p.l.c., which represents roughly 0.84% of the company’s market cap and approximately 7.34% of the institutional ownership. Similar statistics are true for the second largest owner, Barrow Hanley Mewhinney & Strauss Llc, which owns 24,546,298 shares of the stock are valued at $1.01 billion. The third largest holder is Fmr Llc, which currently holds $873.35 million worth of this stock and that ownership represents nearly 0.64% of its market capitalization.

BP p.l.c. 13F Filings

At the end of September reporting period, 479 institutional holders increased their position in BP p.l.c. (NYSE:BP) by some 41,665,980 shares, 439 decreased positions by 24,212,067 and 218 held positions by 313,000,000. That puts total institutional holdings at 379,000,000 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 6,153,818 shares while 70 institutional investors sold out their entire positions totaling 3,384,026 shares.

BP p.l.c. (BP) Analyst Guide

Several analysts have released their opinion on BP p.l.c. (NYSE:BP), with 2 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.45 average brokerage recommendation.