Glenmede Trust Co. NA Buys 49,902 Shares of BP p.l.c. $BP

Glenmede Trust Co. NA lifted its position in BP p.l.c. (NYSE:BP) by 140.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,516 shares of the oil and gas exploration company’s stock after buying an additional 49,902 shares during the quarter. Glenmede Trust Co. NA’s holdings in BP were worth $4,019,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in BP during the 1st quarter worth approximately $39,000. Triumph Capital Management purchased a new stake in BP in the 3rd quarter worth approximately $43,000. LRI Investments LLC boosted its holdings in BP by 76.2% in the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 552 shares during the period. WFA of San Diego LLC purchased a new position in shares of BP during the 2nd quarter valued at $46,000. Finally, Ameriflex Group Inc. increased its holdings in shares of BP by 39.1% in the fourth quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 508 shares during the period. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP News Roundup

Here are the key news stories impacting BP this week:

• Positive Sentiment: Q2 earnings significantly exceeded expectations. BP reported underlying replacement-cost profit of approximately $5.73 billion, more than double the year-earlier result and above analyst forecasts. Higher oil and gas prices, stronger refining margins and increased trading gains—boosted by Middle East market volatility—drove the improvement. Reported EPS of $2.22 also exceeded the $1.87 consensus estimate, while revenue reached $69.11 billion. BP’s second-quarter profit more than doubles from a year ago
• Positive Sentiment: Shareholder returns and balance-sheet measures are improving. Management announced a dividend increase and said the strong cash generation provides an opportunity to accelerate debt reduction under a five-priority plan focused on simplifying operations, cutting costs and increasing shareholder value. BP Q2 2026 Earnings Call Highlights
• Positive Sentiment: Portfolio streamlining could improve returns. BP completed the sale of its Gelsenkirchen refinery and related German assets to Klesch Group, a move expected to reduce underlying operating costs by roughly $1 billion. The company is also pursuing the sale of Archaea Energy, its U.S. biogas business, reportedly valued at about $4 billion. Proceeds could support debt reduction and higher-return investments. BP completes sale of Gelsenkirchen refinery as overhaul continues

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Argus raised BP from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Monday, May 11th. Wall Street Zen upgraded BP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Royal Bank Of Canada raised BP from a “sector perform” rating to an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of BP in a report on Thursday, June 18th. Finally, Piper Sandler began coverage on shares of BP in a research report on Thursday, July 23rd. They issued a “neutral” rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.59.

BP Stock Performance

NYSE BP opened at $42.42 on Wednesday. BP p.l.c. has a 52-week low of $32.69 and a 52-week high of $48.27. The company has a fifty day moving average of $41.08 and a 200-day moving average of $41.80. The company has a market capitalization of $111.12 billion, a P/E ratio of 35.35, a P/E/G ratio of 0.74 and a beta of 0.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22.

BP (NYSE:BP) last released its earnings results on Tuesday, August 4th. The oil and gas exploration company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. BP had a return on equity of 12.06% and a net margin of 1.62%.The business had revenue of $69.11 billion for the quarter, compared to analysts’ expectations of $57.89 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue was up 106.1% on a year-over-year basis. As a group, equities research analysts predict that BP p.l.c. will post 5.76 EPS for the current fiscal year.

BP Company Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.