Finance

How Insiders and Institutions are Trading BP p.l.c. (BP)

Recent insider trends for BP p.l.c. (NYSE:BP) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of BP, the data has a lot to say about how the stock might perform going forward.

Institutions own 09.98% of BP p.l.c. (BP)’s shares. The total value of these holdings, in millions, is $14,167. Among active positions in the latest quarter, 379 holders increased their positions by a total of 22.84 million shares, 384 holders decreased the positions by a total of 25.96 million shares, and 184 holders held their positions. This works out to a net decrease in ownership of 3.12 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 79 holders initiated new positions by a total of 6.55 million shares and 53 holders exited their positions by a total of 1.81 million shares. This nets out to an increase of 4.74 million shares and is a bullish sign for BP.

Insider ownership increased by a total of 0 shares, which suggests that BP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. BP p.l.c. (NYSE:BP)’s short interest is 6.7 million shares, or 0.21% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for BP. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that BP is a Strong buy, which implies that BP is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that BP p.l.c. (NYSE:BP) is undervalued.

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