BP PLC (NYSE:BP)‘s stock had its “neutral” rating reiterated by investment analysts at Deutsche Bank AG in a report released on Monday.
A number of other equities research analysts also recently weighed in on the company. Vetr raised BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.87 price target for the company in a research note on Monday, August 1st. reissued a “buy” rating on shares of BP PLC in a report on Tuesday, August 16th. Jefferies Group reissued a “hold” rating on shares of BP PLC in a report on Thursday, September 8th. Zacks Investment Research raised BP PLC from a “sell” rating to a “hold” rating in a report on Friday, October 21st. Finally, Collins Stewart reissued a “buy” rating on shares of BP PLC in a report on Sunday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. BP PLC currently has an average rating of “Buy” and an average target price of $37.48.
Shares of BP PLC (NYSE:BP) traded down 0.76% during trading on Monday, hitting $34.01. The company’s stock had a trading volume of 1,785,149 shares. The company’s market capitalization is $107.21 billion. BP PLC has a 1-year low of $27.01 and a 1-year high of $37.28. The firm’s 50 day moving average is $34.84 and its 200-day moving average is $34.08.
BP PLC (NYSE:BP) last posted its quarterly earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. The company earned $48.04 billion during the quarter, compared to the consensus estimate of $50.51 billion. During the same period last year, the business earned $0.60 EPS. The business’s quarterly revenue was down 16.2% on a year-over-year basis. Analysts forecast that BP PLC will post $1.10 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 11th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, November 8th. This represents a $2.38 annualized dividend and a dividend yield of 6.94%. BP PLC’s dividend payout ratio (DPR) is presently -195.08%.
Several institutional investors have recently bought and sold shares of BP. Washington Trust Bank increased its position in BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 2,082 shares during the period. Krilogy Financial LLC increased its position in BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 555 shares during the period. Farmers National Bank bought a new position in BP PLC during the second quarter valued at approximately $131,000. Advisory Services Network LLC increased its position in BP PLC by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock valued at $136,000 after buying an additional 2,119 shares during the period. Finally, Kistler Tiffany Companies LLC increased its position in BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock valued at $146,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 11.71% of the company’s stock.
About BP PLC