Acadian Asset Management Adds $318M in BP p.l.c. ($BP)
Key Points
- Acadian Asset Management changed its BP p.l.c. ($BP) stake by 71.8% last quarter, boosting to 17,831,964 shares worth $761.07 million.
- Wall Street's consensus rating on $BP is Buy and an average price target of $49.99.
- $BP last traded around $42.68.
Acadian Asset Management increased its position in BP p.l.c. ($BP) by 71.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,831,964 shares of BP p.l.c. after buying 7,454,079 shares during the quarter. Acadian Asset Management's holdings in BP p.l.c. were worth $761.07 million as of its most recent filing.
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About BP p.l.c.
BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, marketing, and trading activities, as well as solar, wind, and hydrogen businesses. The company also offers aviation fuel products and services, such as jet fuel; aviation gasoline; UL91 aviation fuel; and sustainable aviation fuel. In addition, it engages in the convenience and retail fuel; EV charging; Castrol lubricants and fluids; B2B; midstream; crude oil production; refining and oil trading; and bioenergy businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.
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