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

Shares of BP p.l.c. (LON:BP) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 632.14 ($8.02).

A number of equities analysts have weighed in on BP shares. Royal Bank of Canada reissued an “outperform” rating and set a GBX 650 ($8.25) price objective on shares of BP in a research note on Tuesday, June 18th. Berenberg Bank restated a “hold” rating and set a GBX 510 ($6.47) price objective on shares of BP in a research report on Friday, May 10th. Morgan Stanley reiterated an “overweight” rating on shares of BP in a report on Tuesday, May 14th. Bank of America restated a “neutral” rating and set a GBX 500 ($6.34) price target on shares of BP in a report on Monday, April 22nd. Finally, Barclays reiterated an “overweight” rating and issued a GBX 1,000 ($12.69) price objective on shares of BP in a report on Monday, April 8th.

Insider Buying and Selling at BP

In other news, insider Murray Auchincloss bought 72 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average cost of GBX 517 ($6.56) per share, for a total transaction of £372.24 ($472.21). In other BP news, insider Murray Auchincloss acquired 72 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of GBX 517 ($6.56) per share, for a total transaction of £372.24 ($472.21). Also, insider Hina Nagarajan bought 5,000 shares of BP stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of GBX 460 ($5.84) per share, for a total transaction of £23,000 ($29,176.71). Insiders have bought a total of 5,084 shares of company stock valued at $2,342,985 over the last quarter. 0.28% of the stock is owned by company insiders.

BP Trading Down 0.7 %

Shares of BP stock opened at GBX 470.55 ($5.97) on Friday. The company has a debt-to-equity ratio of 75.43, a current ratio of 1.23 and a quick ratio of 0.62. The stock’s 50 day simple moving average is GBX 491.94 and its 200-day simple moving average is GBX 481.27. The stock has a market cap of £78.68 billion, a P/E ratio of 1,102.09, a P/E/G ratio of 0.35 and a beta of 0.54. BP has a 1-year low of GBX 441.05 ($5.59) and a 1-year high of GBX 562.30 ($7.13).

BP Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a $0.07 dividend. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.14%. BP’s dividend payout ratio (DPR) is presently 5,348.84%.

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.