BP p.l.c. (LON:BP) Given Average Rating of “Hold” by Analysts

BP p.l.c. (LON:BP) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 636.67 ($8.53).

A number of analysts have recently issued reports on BP shares. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 650 ($8.70) price objective on shares of BP in a research note on Tuesday, June 18th. Berenberg Bank reissued a “hold” rating and set a GBX 510 ($6.83) price target on shares of BP in a report on Monday, August 5th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research report on Tuesday, September 24th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 500 ($6.70) price target on shares of BP in a research report on Wednesday, September 4th.

Insider Buying and Selling

In other news, insider Murray Auchincloss bought 87 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of GBX 434 ($5.81) per share, for a total transaction of £377.58 ($505.60). In related news, insider Murray Auchincloss bought 87 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of GBX 434 ($5.81) per share, for a total transaction of £377.58 ($505.60). Also, insider Hina Nagarajan bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of GBX 429 ($5.74) per share, with a total value of £21,450 ($28,722.55). Insiders bought a total of 10,100 shares of company stock worth $4,223,284 over the last three months. 0.26% of the stock is currently owned by company insiders.

BP Stock Performance

Shares of BP opened at GBX 388.15 ($5.20) on Monday. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The company has a 50-day simple moving average of GBX 428.32 and a 200-day simple moving average of GBX 468.46. BP has a 52-week low of GBX 389.77 ($5.22) and a 52-week high of GBX 562.30 ($7.53). The company has a market capitalization of £61.95 billion, a PE ratio of 1,176.21, a P/E/G ratio of 0.35 and a beta of 0.49.

BP Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 8th were paid a $0.08 dividend. The ex-dividend date was Thursday, August 8th. This is a positive change from BP’s previous dividend of $0.07. This represents a dividend yield of 1.37%. BP’s dividend payout ratio (DPR) is 6,969.70%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.