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

BP p.l.c. (LON:BP) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 632 ($8.45).

A number of equities analysts have issued reports on BP shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of BP in a research report on Tuesday, September 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 510 ($6.82) price target on shares of BP in a research report on Monday, August 5th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 650 ($8.69) price target on shares of BP in a research report on Tuesday, June 18th. Finally, Bank of America reiterated a “buy” rating and set a GBX 500 ($6.69) price target on shares of BP in a research report on Wednesday, September 4th.

BP Trading Up 1.9 %

BP stock opened at GBX 416.85 ($5.58) on Monday. The company has a 50-day moving average price of GBX 422.80 and a 200-day moving average price of GBX 465.21. The stock has a market capitalization of £66.32 billion, a PE ratio of 1,302.66, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62.

BP Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 20th. Investors 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 yield of 1.37%. This is a positive change from BP’s previous dividend of $0.07. BP’s payout ratio is presently 7,187.50%.

Insider Buying and Selling

In related news, insider Murray Auchincloss sold 454,841 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.14), for a total transaction of £2,087,720.19 ($2,792,563.12). In other news, insider Murray Auchincloss sold 454,841 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.14), for a total value of £2,087,720.19 ($2,792,563.12). Also, insider Hina Nagarajan bought 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of GBX 407 ($5.44) per share, for a total transaction of £20,350 ($27,220.44). Insiders have acquired 10,100 shares of company stock valued at $4,223,284 over the last quarter. Corporate insiders own 0.26% 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.