Stock Traders Buy Large Volume of BP plc Call Options (BP)

Postado Agosto 14, 2017

Several other hedge funds have also recently made changes to their positions in BP. Atlas Brown Inc. raised its position in shares of BP p.l.c.by 8.7% in the first quarter. Lynch & Associates IN now owns 93,707 shares of the oil and gas exploration company's stock valued at $3,235,000 after buying an additional 14,870 shares during the period. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company's stock worth $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of BP p.l.c. during the first quarter worth $106,000. Park National Corp OH increased its stake in shares of BP p.l.c.by 15.5% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company's stock worth $135,000 after buying an additional 689 shares in the last quarter. Finally, Beacon Financial Group increased its stake in shares of BP p.l.c.by 2.5% in the first quarter. They now have a $34.90 price objective on the oil and gas exploration company's stock, down from their prior price objective of $35.04. The company's stock had a trading volume of 5,004,052 shares.

BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. (BP) traded down 1.49% during midday trading on Friday, reaching $34.94.

In other Faroe Petroleum plc news, insider Graham Stewart acquired 456 shares of the firm's stock in a transaction on Wednesday, June 28th. The firm has a 50-day moving average price of $35.15 and a 200-day moving average price of $35.01. The company has a market cap of $114.94 billion, a P/E ratio of 30.49 and a beta of 0.94.

SDL plc (LON:SDL)'s stock had its "hold" rating restated by investment analysts at Canaccord Genuity in a research report issued on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. BP p.l.c. The company had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The business's quarterly revenue was up 21.7% on a year-over-year basis. On average, equities research analysts predict that BP p.l.c. will post $1.69 EPS for the current year. Stockholders of record on Friday, August 11th will be paid a $0.595 dividend. This represents a dividend yield of 1.64%. BP p.l.c.'s dividend payout ratio (DPR) is presently 206.96%.

WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation. The correct version of this article can be viewed at https://rinconhillneighbors.org/2017/08/12/van-strum-towne-inc-has-213000-position-in-bp-p-l-c-nysebp.html. Simmons boosted their price objective on shares of BP p.l.c. from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, April 19th.

A number of brokerages recently weighed in on BP. Scotiabank set a $37.00 price objective on BP p.l.c. and gave the stock a "buy" rating in a research report on Tuesday, August 1st.

BP p.l.c. (NYSE:BP) was downgraded by Societe Generale from a "buy" rating to a "hold" rating in a research note issued on Wednesday, July 26th, MarketBeat reports. Zacks Investment Research raised shares of BP p.l.c. from a strong sell rating to a hold rating in a research note on Tuesday, June 6th. The stock has an average rating of "Hold" and an average target price of $36.51.

BP p.l.c.is an integrated oil and gas company. The Company operates through four segments: Language Services, which is engaged in the provision of a translation service for customer's multilingual content in multiple languages; Language Technology, which includes the sale of enterprise, desktop and statistical machine translation technologies together with associated consultancy and services; Global Content Technologies, which is content management and knowledge management technologies together with associated consultancy services, and Non-Core Businesses, which includes the sale of campaign management, social media monitoring and marketing analytic.