BPBP
Market Cap: $86.6B
About: BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
Employees: 87,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
12% more repeat investments, than reductions
Existing positions increased: 432 | Existing positions reduced: 386
0.16% less ownership
Funds ownership: 2.01% [Q1] → 1.85% (-0.16%) [Q2]
9% less call options, than puts
Call options by funds: $651M | Put options by funds: $719M
2% less funds holding
Funds holding: 1,178 [Q1] → 1,149 (-29) [Q2]
13% less capital invested
Capital invested by funds: $12.8B [Q1] → $11.1B (-$1.71B) [Q2]
23% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 126
26% less funds holding in top 10
Funds holding in top 10: 19 [Q1] → 14 (-5) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Wells Fargo Roger Read 22% 1-year accuracy 15 / 69 met price target | 22%upside $39 | Equal-Weight Maintained | 31 Jul 2024 |
Piper Sandler Ryan Todd 9% 1-year accuracy 3 / 33 met price target | 26%upside $40 | Neutral Maintained | 17 Jul 2024 |
Morgan Stanley Martijn Rats 50% 1-year accuracy 1 / 2 met price target | 30%upside $42 | Equal-Weight Downgraded | 15 Jul 2024 |
Scotiabank Paul Cheng 22% 1-year accuracy 8 / 37 met price target | 32%upside $42 | Sector Outperform Maintained | 12 Jul 2024 |
Wells Fargo Roger Read 22% 1-year accuracy 15 / 69 met price target | 29%upside $41 | Equal-Weight Maintained | 12 Jul 2024 |
Financial journalist opinion
Based on 40 articles about BP published over the past 30 days