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

Shares of BP p.l.c. (LON:BP) have received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 636.67 ($8.53).

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

Insider Transactions at BP

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

BP Stock Up 1.1 %

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

BP Increases Dividend

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

BP Company Profile

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.