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Positives for BP plc ADR (BP) as stock gains in recent trading

BP plc ADR (NYSE: BP) is -1.45% lower on its value in year-to-date trading and has touched a low of $25.22 and a high of $39.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BP stock was last observed hovering at around $29.19 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $29.13, the stock is 0.78% and -7.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.0 million and changing -0.21% at the moment leaves the stock -8.07% off its SMA200. BP registered -25.95% loss for a year compared to 6-month gain of -6.96%. The firm has a 50-day simple moving average (SMA 50) of $31.6284 and a 200-day simple moving average (SMA200) of $31.6871.

The stock witnessed a -15.34% loss in the last 1 month and extending the period to 3 months gives it a -7.38%, and is 3.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 3.53% over the month.

BP plc ADR (BP) has around 100500 employees, a market worth around $76.12B and $189.19B in sales. Current P/E ratio is 368.73 and Fwd P/E is 8.93. Profit margin for the company is 0.20%. Distance from 52-week low is 15.48% and -26.55% from its 52-week high. The company has generated returns on investments over the last 12 months (0.31%).

with sales reaching $39.88B over the same period.The EPS is expected to shrink by -13.60% this year, but quarterly earnings will post -8.16% year-over-year. Quarterly sales are estimated to shrink -18.41% in year-over-year returns.

BP plc ADR (BP) Top Institutional Holders

1226.0 institutions hold shares in BP plc ADR (BP), with institutional investors hold 11.53% of the company’s shares. The shares outstanding are 2.64B, and float is at 2.61B with Short Float at 0.42%. Institutions hold 11.53% of the Float.

The top institutional shareholder in the company is FISHER ASSET MANAGEMENT, LLC with over 21.81 million shares valued at $787.46 million. The investor’s holdings represent 0.8019% of the BP Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 21.76 million shares valued at $785.46 million to account for 0.7999 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.31 million shares representing 0.7835% and valued at over $769.35 million, while MORGAN STANLEY holds 0.558 of the shares totaling 15.18 million with a market value of $547.97 million.

BP plc ADR (BP) Insider Activity

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