BP (BP)

• Market cap: $81.8B
• 1 day: -0.42%
• 5 days: 0.06%
• 1 month: 7.39%
• 3 months: -2.81%
• 6 months: -11.25%
• Year to date: 3.88%
• 1 year: -9.31%
• 5 years: -19.91%
• 10 years: 5.03%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $658M | Put options by funds: $573M

0.22% less ownership

Funds ownership: 1.95% [Q2] → 1.73% (-0.22%) [Q3]

7% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 14 (-1) [Q3]

7% less funds holding

Funds holding: 1,159 [Q2] → 1,076 (-83) [Q3]

23% less repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 440

25% less capital invested

Capital invested by funds: $11.7B [Q2] → $8.75B (-$2.94B) [Q3]

45% less first-time investments, than exits

New positions opened: 82 | Existing positions closed: 150

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 0% upside
• Avg. target: $32 2% upside
• High target: $32 3% upside

3 analyst ratings

• positive: 0 0%
• neutral: 3 100%
• negative: 0 0%

Morgan Stanley Martijn Rats 25% 1-year accuracy 1 / 4 met price target	2% upside $32	Equal-Weight Maintained	7 Jan 2025
Piper Sandler Ryan Todd 17% 1-year accuracy 6 / 36 met price target	3% upside $32	Neutral Maintained	19 Dec 2024
Wells Fargo Roger Read 34% 1-year accuracy 35 / 104 met price target	0% downside $31	Equal-Weight Maintained	9 Dec 2024