As Bp Plc (BP) Share Price Rose, Brandywine Global Investment Management LLC Decreased Its Holding

February 15, 2018 - By Adrian Mccoy

Brandywine Global Investment Management Llc decreased its stake in Bp Plc (BP) by 2.68% based on its latest 2017Q3 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 174,943 shares as the company’s stock rose 10.53% with the market. The institutional investor held 6.35 million shares of the integrated oil company at the end of 2017Q3, valued at $244.19 million, down from 6.53 million at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Bp Plc for a number of months, seems to be less bullish one the $123.42 billion market cap company. The stock decreased 0.43% or $0.17 during the last trading session, reaching $39.6. About 3.66 million shares traded. BP p.l.c. (NYSE:BP) has risen 15.51% since February 15, 2017 and is uptrending. It has underperformed by 1.19% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46 billion and $15.78B US Long portfolio, upped its stake in Lazard Ltd (NYSE:LAZ) by 111,933 shares to 151,876 shares, valued at $6.87 million in 2017Q3, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 114,031 shares in the quarter, for a total of 1.64 million shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

More important recent BP p.l.c. (NYSE:BP) news were published by: Investorplace.com which released: “BP plc (ADR) Will Take Further $1.7 Billion Q4 Charge for Gulf Spill Claims” on January 16, 2018, also Investorplace.com published article titled: “BP plc (ADR) Stock Still Has Long-Term Upside”, Livetradingnews.com published: “BP plc (BP) Technicals Stock Overbought” on January 16, 2018. More interesting news about BP p.l.c. (NYSE:BP) was released by: Investorplace.com and their article: “BP plc (ADR) Reports Blockbuster Q4 Earnings Results” with publication date: February 06, 2018.

BP p.l.c. (NYSE:BP) Ratings Coverage

Among 29 analysts covering BP (NYSE:BP), 20 have Buy rating, 2 Sell and 7 Hold. Therefore 69% are positive. BP had 58 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of BP p.l.c. (NYSE:BP) has “Buy” rating given on Monday, February 12 by Societe Generale. The firm has “Reduce” rating given on Friday, June 30 by Kepler Cheuvreux. The stock of BP p.l.c. (NYSE:BP) has “Outperform” rating given on Monday, September 18 by BMO Capital Markets. On Thursday, October 20 the stock rating was downgraded by UBS to “Neutral”. The rating was initiated by Credit Agricole on Tuesday, December 15 with “Buy”. As per Wednesday, July 29, the company rating was maintained by BNP Paribas. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, February 7. Societe Generale upgraded the shares of BP in report on Monday, January 18 to “Buy” rating. The company was maintained on Tuesday, February 6 by Cowen & Co. The firm has “Buy” rating by Jefferies given on Wednesday, July 29.

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