Berenberg Bank reaffirmed their hold rating on shares of BP (LON:BP – Free Report) in a research note released on Monday morning, Marketbeat reports. They currently have a GBX 510 ($6.52) target price on the oil and gas exploration company’s stock.
A number of other brokerages also recently weighed in on BP. Barclays reiterated an overweight rating and set a GBX 1,000 ($12.78) price target on shares of BP in a report on Monday, April 8th. Royal Bank of Canada reiterated an outperform rating and issued a GBX 650 ($8.31) target price on shares of BP in a report on Tuesday, June 18th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 550 ($7.03) price target on shares of BP in a report on Wednesday, July 31st. Morgan Stanley reiterated an overweight rating on shares of BP in a research note on Tuesday, May 14th. Finally, Bank of America reissued a neutral rating and set a GBX 500 ($6.39) target price on shares of BP in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of GBX 632.14 ($8.08).
Read Our Latest Stock Analysis on BP
BP Trading Down 3.1 %
BP Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.08 per share. This is an increase from BP’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 1.37%. BP’s dividend payout ratio is presently 5,348.84%.
Insider Buying and Selling at BP
In other BP news, insider Murray Auchincloss sold 454,841 shares of BP stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of GBX 459 ($5.87), for a total transaction of £2,087,720.19 ($2,668,013.02). In other news, insider Hina Nagarajan bought 5,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of GBX 460 ($5.88) per share, for a total transaction of £23,000 ($29,392.97). Also, insider Murray Auchincloss sold 454,841 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of GBX 459 ($5.87), for a total transaction of £2,087,720.19 ($2,668,013.02). Over the last three months, insiders have acquired 5,017 shares of company stock valued at $2,308,031. Corporate insiders own 0.28% of the company’s stock.
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.
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