BP’s Outlook: What Do Its Financials Suggest?

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Part 10
BP’s Outlook: What Do Its Financials Suggest? PART 10 OF 17

How the Institutional Holdings in BP Are Trending

The series so far

So far in this series, we have discussed BP’s (BP) midstream IPO announcement, major upstream projects, and segmental earnings outlook. We also reviewed the strengthening of analyst ratings for BP and the expectation of a steady dividend payment in 4Q17.

We reviewed BP’s market performance by evaluating its stock performance and its moving averages. We also looked at implied volatility based on BP’s stock price estimate until December 31. In this article, we’ll look at changes in institutional holdings in BP stock.

How the Institutional Holdings in BP Are Trending

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Institutional holdings: An overview

Institutional holdings show the percentage of a company’s stock owned by institutions like mutual funds, banks, and insurance companies. The level of these holdings indicates the sentiment that sophisticated market participants like these institutions have in these stock. Typically, growing institutional holdings indicate a favorable opinion about a stock.

Institutional holdings in BP

Institutional holdings in BP currently stand at ~10%, falling ~3% in the past six months. The institutions with the highest ownership levels include State Street Global Advisors, Dimensional Fund Advisors, Franklin Advisers, and Barrow, Hanley, Mewhinney & Strauss. After analyzing the past six months of data, these four top institutions have decreased their total holdings in BP.

Franklin Advisors has sold the highest numbers of BP shares in the past six months, and T. Rowe Price Associates has acquired the highest number of BP shares in the past six months.

Peers’ institutional holdings

BP’s peers Royal Dutch Shell (RDS.A), Total (TOT), and Petrobras (PBR) also saw institutional holdings decrease, falling ~2%, ~1%, and ~2%, respectively, in the past six months. Institutional holdings in Shell, TOT, and PBR stand at ~11%, ~5%, and ~11%, respectively. 

Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), YPF (YPF), and Suncor Energy (SU) saw a rise in their institutional holdings. Institutional holdings in XOM, CVX, YPF, and SU stand at ~52%, ~64%, ~30%, and ~71%, respectively.

In the next part, we’ll evaluate whether there is a fall in short interest in BP.


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