Kahn Brothers Group INC Position in Bp Plc (BP) Has Cut by $730.54 Million

BP p.l.c. (NYSE:BP) Logo

Kahn Brothers Group Inc decreased its stake in Bp Plc (BP) by 1.14% based on its latest 2018Q2 regulatory filing with the SEC. Kahn Brothers Group Inc sold 16,000 shares as the company’s stock declined 6.30% while stock markets rallied. The hedge fund held 1.39M shares of the integrated oil company at the end of 2018Q2, valued at $63.45B, down from 1.41M at the end of the previous reported quarter. Kahn Brothers Group Inc who had been investing in Bp Plc for a number of months, seems to be less bullish one the $133.36 billion market cap company. The stock decreased 0.52% or $0.21 during the last trading session, reaching $40.32. About 5.42 million shares traded. BP p.l.c. (NYSE:BP) has risen 20.59% since November 28, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

Kahn Brothers Group Inc, which manages about $628.43 billion US Long portfolio, upped its stake in New York Community (NYSE:NYCB) by 852,998 shares to 3.06 million shares, valued at $34.40 billion in 2018Q2, according to the filing. It also increased its holding in American Tel & Tel by 1,284 shares in the quarter, for a total of 12,584 shares, and has risen its stake in Blackberry (NASDAQ:BBRY).

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “Total S.A. – Key Takeaways From The Third Quarter 2018 – Seeking Alpha” on November 26, 2018, also Benzinga.com with their article: “BP p.l.c. (NYSE:BP), Delta Air Lines Inc. (New) (NYSE:DAL) – Key Takeaways From The Blockchain In Transport Alliance Fall Symposium – Benzinga” published on November 15, 2018, Fool.com published: “3 Dividend Stocks That Pay You Better Than Pepsi Does – The Motley Fool” on November 23, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Benzinga.com and their article: “BP p.l.c. (NYSE:BP) – BP’s Q3 Earnings Preview – Benzinga” published on October 29, 2018 as well as Fool.com‘s news article titled: “Why Isn’t a Rising Tide Lifting BP, Too? – The Motley Fool” with publication date: November 01, 2018.

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

Among 3 analysts covering BP (NYSE:BP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BP had 3 analyst reports since September 5, 2018 according to SRatingsIntel. Raymond James upgraded BP p.l.c. (NYSE:BP) on Tuesday, November 20 to “Outperform” rating. The stock of BP p.l.c. (NYSE:BP) has “Overweight” rating given on Wednesday, September 5 by Morgan Stanley.

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

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