BP p.l.c. (BP) : Traders are bullish on BP p.l.c. (BP) as it has outperformed the S&P 500 by a wide margin of 6.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 11.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.31% and the 50-Day Moving Average is 10.63%.
BP p.l.c. (NYSE:BP): The stock was completely flat for the day, closing at $36.56 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $36.60, the stock touched an intraday high of $36.65 and a low of $36.42. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $36.56. The total trading volume on Friday was 6,032,430.
The company Insiders own 1% of BP p.l.c. shares according to the proxy statements. Institutional Investors own 10.99% of BP p.l.c. shares.
BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.