Dimensional Fund Advisors LP Has Decreased Holding in Bp Plc (BP) as Stock Declined

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Dimensional Fund Advisors Lp decreased its stake in Bp Plc (BP) by 3.14% based on its latest 2018Q2 regulatory filing with the SEC. Dimensional Fund Advisors Lp sold 660,013 shares as the company’s stock declined 6.30% while stock markets rallied. The institutional investor held 20.36 million shares of the integrated oil company at the end of 2018Q2, valued at $929.51 million, down from 21.02M 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 $131.28 billion market cap company. The stock increased 0.66% or $0.26 during the last trading session, reaching $39.85. About 4.18 million shares traded. BP p.l.c. (NYSE:BP) has risen 20.59% since December 7, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

Dimensional Fund Advisors Lp, which manages about $250.84 billion US Long portfolio, upped its stake in Southwestern Energy Co (NYSE:SWN) by 7.43M shares to 14.60M shares, valued at $77.37 million in 2018Q2, according to the filing. It also increased its holding in South St Corp (NASDAQ:SSB) by 39,934 shares in the quarter, for a total of 1.43M shares, and has risen its stake in Ncr Corp New (NYSE:NCR).

Analysts await BP p.l.c. (NYSE:BP) to report earnings on February, 5. They expect $0.81 earnings per share, up 26.56 % or $0.17 from last year’s $0.64 per share. BP’s profit will be $2.67 billion for 12.30 P/E if the $0.81 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 -29.57 % negative EPS growth.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “Equinor seeks exploratory well in Great Australian Bight – Seeking Alpha” on November 26, 2018, also Finance.Yahoo.com with their article: “5 Best Oil Stocks to Buy Now – Yahoo Finance” published on December 05, 2018, Seekingalpha.com published: “BP: Clair Ridge Shows Company Devoted To Growth – Seeking Alpha” on November 25, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Bizjournals.com and their article: “BP-ArcLight joint venture to acquire gas station operator – Houston Business Journal” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “BP: Invest In This 6.1%-Yielding Oil Major Before It Rebounds – Seeking Alpha” with publication date: December 04, 2018.

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

Among 3 analysts covering BP (NYSE:BP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BP had 3 analyst reports since September 5, 2018 according to SRatingsIntel. On Tuesday, November 20 the stock rating was upgraded by Raymond James to “Outperform”. Morgan Stanley upgraded the shares of BP in report on Wednesday, September 5 to “Overweight” rating.

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

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