BP PLC (BP) Receives Neutral Rating from Deutsche Bank AG
BP has been the subject of a number of other research reports. Vetr upgraded shares of BP PLC from a buy rating to a strong-buy rating and set a $37.28 price objective for the company in a report on Wednesday, September 21st. Collins Stewart reiterated a buy rating on shares of BP PLC in a report on Sunday, September 11th. BNP Paribas reiterated an outperform rating on shares of BP PLC in a report on Tuesday, October 11th. Barclays PLC reiterated a buy rating on shares of BP PLC in a report on Thursday, October 6th. Finally, Zacks Investment Research upgraded shares of BP PLC from a sell rating to a hold rating in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $37.48.
BP PLC (NYSE:BP) opened at 33.72 on Monday. The company has a 50-day moving average of $34.77 and a 200 day moving average of $34.13. BP PLC has a one year low of $27.01 and a one year high of $37.28. The company’s market cap is $106.29 billion.
BP PLC (NYSE:BP) last issued its quarterly earnings data on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The firm earned $48.04 billion during the quarter, compared to analysts’ expectations of $50.51 billion. BP PLC had a negative net margin of 2.03% and a positive return on equity of 2.48%. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities research analysts predict that BP PLC will post $1.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 11th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Tuesday, November 8th. BP PLC’s payout ratio is presently -195.08%.
Several institutional investors have recently modified their holdings of BP. Washington Trust Bank raised its position in shares of 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 last quarter. 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 acquired 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. 11.71% of the stock is currently owned by institutional investors.
BP PLC Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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