Bp Plc (BP) Holder Brandywine Global Investment Management LLC Has Cut Holding by $6.65 Million as Share Value Rose

February 15, 2018 - By Peter Erickson

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 $244.19M, 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 $123.42B market cap company. The stock decreased 0.43% or $0.17 during the last trading session, reaching $39.6. About 3.66M 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 $15.78 billion US Long portfolio, upped its stake in Lowes Cos Inc (NYSE:LOW) by 369,100 shares to 488,190 shares, valued at $39.03M in 2017Q3, according to the filing. It also increased its holding in Block H & R Inc (NYSE:HRB) by 459,817 shares in the quarter, for a total of 647,714 shares, and has risen its stake in Team Inc (NYSE:TISI).

More important recent BP p.l.c. (NYSE:BP) news were published by: Livetradingnews.com which released: “BP plc (BP) Technicals Stock Overbought” on January 16, 2018, also Investorplace.com published article titled: “BP plc (ADR) Will Take Further $1.7 Billion Q4 Charge for Gulf Spill Claims”, Investorplace.com published: “BP plc (ADR) Reports Blockbuster Q4 Earnings Results” on February 06, 2018. More interesting news about BP p.l.c. (NYSE:BP) was released by: Investorplace.com and their article: “BP plc (ADR) Stock Still Has Long-Term Upside” 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 firm has “Buy” rating given on Tuesday, December 15 by Credit Agricole. The rating was downgraded by Jefferies on Friday, September 11 to “Hold”. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 29. The company was maintained on Wednesday, December 20 by Jefferies. As per Wednesday, December 21, the company rating was upgraded by UBS. The company was downgraded on Friday, September 4 by Bank of America. The rating was downgraded by Bank of America to “Underperform” on Friday, June 30. The rating was downgraded by Citigroup to “Neutral” on Wednesday, April 19. On Tuesday, November 3 the stock rating was upgraded by Evercore to “Buy”. The stock of BP p.l.c. (NYSE:BP) earned “Equalweight” rating by Morgan Stanley on Monday, November 2.

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