BP
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
0.23% less ownership
Funds ownership: 1.94% [Q2] → 1.71% (-0.23%) [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: $11.6B [Q2] → $8.68B (-$2.94B) [Q3]
50% less first-time investments, than exits
New positions opened: 82 | Existing positions closed: 165
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Ryan Todd 17% 1-year accuracy 6 / 36 met price target | 12%upside $32 | Neutral Maintained | 19 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 8%upside $31 | Equal-Weight Maintained | 9 Dec 2024 |
Scotiabank Paul Cheng 13% 1-year accuracy 6 / 45 met price target | 26%upside $36 | Sector Perform Downgraded | 10 Oct 2024 |
Financial journalist opinion
Based on 35 articles about BP published over the past 30 days
