JPMorgan Chase & Co. reissued their underweight rating on shares of BP (LON:BP – Free Report) in a research note released on Tuesday morning, MarketBeat reports.
BP has been the topic of several other reports. Berenberg Bank reaffirmed a hold rating and set a GBX 510 ($6.83) target price on shares of BP in a report on Monday, August 5th. Bank of America reaffirmed a buy rating and set a GBX 500 ($6.70) target price on shares of BP in a report on Wednesday, September 4th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 650 ($8.70) target price on shares of BP in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of GBX 636.67 ($8.53).
Get Our Latest Stock Analysis on BP
BP Stock Up 1.1 %
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 paid a $0.08 dividend. This represents a yield of 1.37%. This is a boost from BP’s previous dividend of $0.07. The ex-dividend date was Thursday, August 8th. BP’s dividend payout ratio (DPR) is 6,969.70%.
Insider Activity at BP
In related news, insider Hina Nagarajan bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of GBX 429 ($5.74) per share, for a total transaction of £21,450 ($28,722.55). In related news, insider Murray Auchincloss bought 87 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of GBX 434 ($5.81) per share, for a total transaction of £377.58 ($505.60). Also, insider Hina Nagarajan bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 429 ($5.74) per share, for a total transaction of £21,450 ($28,722.55). Insiders have bought 10,100 shares of company stock valued at $4,223,284 over the last three months. 0.26% of the stock is owned by insiders.
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.
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