Arga Investment Management LP Lowered By $1.03 Million Its Bp Plc (BP) Position; Statoil ASA (STO) Had 6 Analysts Last Week

June 2, 2018 - By Charlene Higgins

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

Arga Investment Management Lp decreased Bp Plc (BP) stake by 0.99% reported in 2018Q1 SEC filing. Arga Investment Management Lp sold 25,785 shares as Bp Plc (BP)’s stock rose 10.08%. The Arga Investment Management Lp holds 2.58M shares with $104.68 million value, down from 2.61M last quarter. Bp Plc now has $154.21 billion valuation. The stock increased 0.22% or $0.1 during the last trading session, reaching $45.92. About 4.85 million shares traded. BP p.l.c. (NYSE:BP) has risen 21.84% since June 2, 2017 and is uptrending. It has outperformed by 9.27% the S&P500.

Among 21 analysts covering Statoil Asa (NYSE:STO), 6 have Buy rating, 5 Sell and 10 Hold. Therefore 29% are positive. Statoil Asa had 35 analyst reports since September 11, 2015 according to SRatingsIntel. As per Thursday, January 21, the company rating was downgraded by Simmons & Co. On Friday, September 9 the stock rating was downgraded by Morgan Stanley to “Underweight”. RBC Capital Markets upgraded Statoil ASA (NYSE:STO) on Tuesday, January 2 to “Outperform” rating. The firm earned “Hold” rating on Thursday, December 21 by Scotia Capital. The firm has “Hold” rating by Piper Jaffray given on Thursday, October 26. The stock of Statoil ASA (NYSE:STO) earned “Reduce” rating by Swedbank on Wednesday, March 9. The rating was downgraded by UBS on Monday, March 26 to “Hold”. The rating was upgraded by Goldman Sachs on Thursday, February 1 to “Hold”. HSBC downgraded the stock to “Hold” rating in Tuesday, November 7 report. The stock of Statoil ASA (NYSE:STO) has “Neutral” rating given on Thursday, May 26 by HSBC. See Statoil ASA (NYSE:STO) latest ratings:

09/04/2018 Broker: Scotia Capital Rating: Hold New Target: $25.0000 Maintain
29/03/2018 Broker: Citigroup Rating: Sell Downgrade
26/03/2018 Broker: UBS Rating: Hold Downgrade
13/02/2018 Broker: Morgan Stanley Rating: Hold Upgrade
09/02/2018 Broker: Piper Jaffray Rating: Hold New Target: $24.0 Maintain
01/02/2018 Broker: Goldman Sachs Rating: Hold Upgrade
23/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $23.0 Maintain
24/01/2018 Broker: Credit Suisse Rating: Buy Upgrade
02/01/2018 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Upgrade
21/12/2017 Broker: Scotia Capital Rating: Hold New Target: $23.0 Maintain

Arga Investment Management Lp increased Baidu Inc (NASDAQ:BIDU) stake by 2,300 shares to 703,029 valued at $156.91 million in 2018Q1. It also upped Aflac Inc (NYSE:AFL) stake by 20,800 shares and now owns 41,600 shares. Conduent Inc was raised too.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “BP: Q1 2018 Earnings Results Analysis” on May 30, 2018, also Seekingalpha.com with their article: “BP: A Long-Time Survivor Raring To Start Growing” published on May 22, 2018, Finance.Yahoo.com published: “Exxon Mobil Corporation Stock Still Is One of the Safest Bets in Oil” on June 01, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Seekingalpha.com and their article: “BP: Easy Money Has Been Made” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “3 JVs Between BP And Rosneft” with publication date: May 23, 2018.

Analysts await BP p.l.c. (NYSE:BP) to report earnings on August, 7. They expect $0.85 earnings per share, up 304.76% or $0.64 from last year’s $0.21 per share. BP’s profit will be $2.85 billion for 13.51 P/E if the $0.85 EPS becomes a reality. After $0.78 actual earnings per share reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.

Among 30 analysts covering BP (NYSE:BP), 22 have Buy rating, 2 Sell and 6 Hold. Therefore 73% are positive. BP had 63 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $39.0 target in Tuesday, October 24 report. As per Monday, January 30, the company rating was upgraded by Societe Generale. The stock has “Buy” rating by Credit Agricole on Tuesday, December 15. The firm earned “Buy” rating on Wednesday, July 29 by Jefferies. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Societe Generale on Monday, February 12. The rating was initiated by Macquarie Research on Wednesday, September 23 with “Neutral”. The rating was maintained by Jefferies with “Hold” on Friday, January 19. As per Monday, July 11, the company rating was maintained by Jefferies. The stock has “Buy” rating by Evercore on Tuesday, November 3. As per Tuesday, April 24, the company rating was upgraded by Goldman Sachs.

The stock increased 0.18% or $0.05 during the last trading session, reaching $27.14. About 1.14M shares traded. Statoil ASA (NYSE:STO) has 0.00% since June 2, 2017 and is . It has underperformed by 12.57% the S&P500.

Another recent and important Statoil ASA (NYSE:STO) news was published by Globenewswire.com which published an article titled: “Equinor’s share saving plan allocates shares” on May 22, 2018.

Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company has market cap of $89.69 billion. The firm operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other divisions. It has a 19.39 P/E ratio. The firm also transports, processes, makes, markets, and trades gas and oil commodities, such as crude, condensate, gas liquids, products, natural gas, and liquefied natural gas ; markets and trades electricity and emission rights; and operates refineries, gas processing plants, LNG plant, methanol plant, and crude oil terminals.

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