Dimensional Fund Advisors LP Has Cut Its Position in Bp Plc (BP) as Share Price Declined

BP p.l.c. (NYSE:BP) Logo

Dimensional Fund Advisors Lp decreased its stake in Bp Plc (BP) by 3.93% based on its latest 2018Q3 regulatory filing with the SEC. Dimensional Fund Advisors Lp sold 774,986 shares as the company’s stock declined 6.46% with the market. The institutional investor held 18.94 million shares of the integrated oil company at the end of 2018Q3, valued at $727.96M, down from 19.72M at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Bp Plc for a number of months, seems to be less bullish one the $134.74 billion market cap company. The stock decreased 1.13% or $0.46 during the last trading session, reaching $40.24. About 5.75 million shares traded. BP p.l.c. (NYSE:BP) has risen 0.15% since January 14, 2018 and is uptrending. It has outperformed by 0.15% the S&P500.

Dimensional Fund Advisors Lp, which manages about $228.83 billion US Long portfolio, upped its stake in Aflac Inc (NYSE:AFL) by 40,176 shares to 3.08M shares, valued at $250.32 million in 2018Q3, according to the filing. It also increased its holding in Cardinal Health Inc (NYSE:CAH) by 73,087 shares in the quarter, for a total of 979,215 shares, and has risen its stake in Nci Building Sys Inc (NYSE:NCS).

Analysts await BP p.l.c. (NYSE:BP) to report earnings on February, 5. They expect $0.78 earnings per share, up 21.88 % or $0.14 from last year’s $0.64 per share. BP’s profit will be $2.61B for 12.90 P/E if the $0.78 EPS becomes a reality. After $1.15 actual earnings per share reported by BP p.l.c. for the previous quarter, Wall Street now forecasts -32.17 % negative EPS growth.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Investorplace.com which released: “5 “Discounted” Oil Stocks to Buy After a Tough 2018 – Investorplace.com” on January 10, 2019, also Seekingalpha.com with their article: “BP: Buy The Dip? – Seeking Alpha” published on December 24, 2018, Seekingalpha.com published: “BP: Free Cash Flow Monster Offers A High And Safe Dividend Yield – Seeking Alpha” on December 17, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Investorplace.com and their article: “5 Oil Stocks to Buy Even If Oil Prices Keep Falling – Investorplace.com” published on December 19, 2018 as well as Seekingalpha.com‘s news article titled: “4 Reasons BP Will Make You Money But TransCanada Will Make You Rich – Seeking Alpha” with publication date: December 26, 2018.

BP p.l.c. (NYSE:BP) Ratings Coverage

Among 4 analysts covering BP (NYSE:BP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. BP had 4 analyst reports since September 5, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, September 5 by Morgan Stanley. The company was upgraded on Tuesday, November 20 by Raymond James.

BP p.l.c. (NYSE:BP) Ratings Chart

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