5 Stocks Under $30 In Ken Fisher’s Portfolio

4. BP plc (NYSE:BP)

Fisher Asset Management’s Stake Value: $367,145,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.20%

Number of Hedge Fund Holders: 26

Closing Price on March 16: $28.60

BP plc (NYSE:BP) has been gaining popularity with investors. Insider Monkey identified 26 hedge funds having stakes in BP plc (NYSE:BP) at the close of the fourth quarter of 2021. The total value of these stakes amounted to $1.22 billion, up from $1.05 billion in the previous quarter with 29 positions.

This March, BofA analyst Christopher Kuplent upgraded BP plc (NYSE:BP) to Neutral from Underperform and raised his price target to 410 GBP from 360 GBP.

As of February 2, 2022, Fisher Asset Management’s stakes in BP plc (NYSE:BP) are valued at $367.14 million, making the fund the dominating shareholder in the company. The investment covers 0.20% of the fund’s Q4 investment portfolio.

On February 8, 2022, BP plc (NYSE:BP) released its earnings for the fiscal fourth quarter of 2021 in which the company beat on both EPS and revenue. The company’s earnings per share came to $1.23 for the quarter, beating EPS estimates by $0.09. BP plc (NYSE:BP) generated $50.55 billion in quarterly revenues, up 12.87% year over year, beating estimates by $26.07 billion.