BP p.l.c. (LON:BP) Insider Buys £373 in Stock

BP p.l.c. (LON:BP) insider Murray Auchincloss bought 100 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of GBX 373 ($4.80) per share, with a total value of £373 ($479.99).

BP Trading Up 0.7 %

Shares of LON:BP opened at GBX 370.05 ($4.76) on Friday. BP p.l.c. has a 52-week low of GBX 379.70 ($4.89) and a 52-week high of GBX 562.30 ($7.24). The business has a 50-day moving average price of GBX 398.84 and a 200-day moving average price of GBX 442.69. 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 stock has a market cap of £58.65 billion, a price-to-earnings ratio of 1,121.36, a PEG ratio of 0.35 and a beta of 0.49.

BP Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 1.54%. BP’s payout ratio is currently 6,969.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BP shares. Bank of America reaffirmed a “buy” rating and set a GBX 500 ($6.43) target price on shares of BP in a research report on Wednesday, September 4th. Berenberg Bank reiterated a “hold” rating and issued a GBX 510 ($6.56) target price on shares of BP in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, BP has a consensus rating of “Hold” and an average price target of GBX 632 ($8.13).

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.