Brokerages Set BP p.l.c. (LON:BP) Price Target at GBX 632

BP p.l.c. (LON:BP) has received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 632 ($8.21).

A number of research analysts have issued reports on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 510 ($6.62) price target on shares of BP in a report on Monday, August 5th. Bank of America restated a “buy” rating and issued a GBX 500 ($6.49) target price on shares of BP in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research note on Tuesday, September 24th.

Insider Transactions at BP

In related news, insider Murray Auchincloss sold 454,841 shares of BP stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of GBX 459 ($5.96), for a total transaction of £2,087,720.19 ($2,710,620.86). In other news, insider Hina Nagarajan acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of GBX 407 ($5.28) per share, for a total transaction of £20,350 ($26,421.71). Also, insider Murray Auchincloss sold 454,841 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($5.96), for a total value of £2,087,720.19 ($2,710,620.86). Insiders have purchased 10,100 shares of company stock worth $4,223,044 over the last quarter. 0.26% of the stock is currently owned by insiders.

BP Stock Performance

Shares of BP stock opened at GBX 404.90 ($5.26) on Friday. The firm has a market capitalization of £64.18 billion, a P/E ratio of 1,226.97, a PEG ratio of 0.35 and a beta of 0.49. BP has a 52 week low of GBX 379.70 ($4.93) and a 52 week high of GBX 562.30 ($7.30). 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 moving average price of GBX 411.68 and a 200 day moving average price of GBX 454.98.

BP Increases Dividend

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