Beese Fulmer Investment Management Inc. Has $471,000 Stock Holdings in BP p.l.c. (NYSE:BP)

Beese Fulmer Investment Management Inc. lessened its stake in BP p.l.c. (NYSE:BP) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,938 shares of the oil and gas exploration company’s stock after selling 1,000 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in BP were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank & Trust Co raised its position in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 worth $66,000 after acquiring an additional 646 shares during the last quarter. ORG Partners LLC boosted its stake in shares of BP by 32.5% in the 3rd quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company’s stock valued at $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% in the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock valued at $98,000 after buying an additional 1,154 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Trading Up 0.9 %

Shares of BP stock opened at $31.96 on Friday. The company has a market cap of $86.24 billion, a P/E ratio of 33.64, a PEG ratio of 2.20 and a beta of 0.64. BP p.l.c. has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The stock has a 50 day simple moving average of $30.25 and a two-hundred day simple moving average of $31.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BP shares. Morgan Stanley dropped their price target on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Scotiabank downgraded BP from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price objective on BP from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Twelve research analysts have rated the stock with a hold rating, four have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.76.

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.