Investors Buy Large Volume of BP Call Options (NYSE:BP)

BP p.l.c. (NYSE:BP) saw some unusual options trading on Monday. Traders acquired 43,499 call options on the stock. Thisisanincreaseof54% compared to the typical volume of 28,313 call options.

Institutional Investors Weigh In On BP

Several institutional investors have recently bought and sold shares of BP. Cary Street Partners Investment Advisory LLC increased its position in shares of BP by 2,250.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 900 shares during the last quarter. Acima Private Wealth LLC acquired a new position in shares of BP during the 2nd quarter worth approximately $32,000. Mascagni Wealth Management Inc. acquired a new position in shares of BP during the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co increased its position in shares of BP by 400.0% during the 1st quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 800 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of BP by 178.0% during the 1st quarter. GW&K Investment Management LLC now owns 1,034 shares of the oil and gas exploration company’s stock worth $35,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BP shares. Piper Sandler upped their target price on BP from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Jefferies Financial Group set a $29.00 target price on BP and gave the company a “hold” rating in a research note on Monday, May 19th. Scotiabank reiterated a “sector perform” rating and set a $34.00 price objective (up from $30.00) on shares of BP in a research note on Friday, July 11th. UBS Group lowered BP from a “buy” rating to a “neutral” rating in a research note on Thursday, April 10th. Finally, Morgan Stanley lowered BP from an “equal weight” rating to an “underweight” rating and set a $26.50 price objective for the company. in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, BP currently has an average rating of “Hold” and a consensus target price of $35.50.

BP Trading Up 2.3%

NYSE:BP opened at $32.49 on Tuesday. BP has a fifty-two week low of $25.22 and a fifty-two week high of $35.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.22 and a quick ratio of 0.92. The stock has a market capitalization of $86.18 billion, a PE ratio of -70.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.57. The business’s 50-day simple moving average is $30.99 and its 200-day simple moving average is $31.05.

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.