BP p.l.c. (BP) Downgraded to Buy at Vetr Inc.
Vetr downgraded shares of BP p.l.c. (NYSE:BP) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday. Vetr currently has $43.32 price objective on the oil and gas exploration company’s stock.
Several other brokerages also recently commented on BP. Piper Jaffray Companies reaffirmed a buy rating and set a $39.00 target price on shares of BP p.l.c. in a report on Thursday, September 28th. Kepler Capital Markets raised shares of BP p.l.c. from a reduce rating to a hold rating in a report on Tuesday. BMO Capital Markets raised shares of BP p.l.c. from a market perform rating to an outperform rating in a report on Monday, September 18th. BidaskClub raised shares of BP p.l.c. from a strong sell rating to a sell rating in a report on Thursday, August 3rd. Finally, Morgan Stanley reaffirmed a buy rating on shares of BP p.l.c. in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $37.09.
BP p.l.c. (NYSE:BP) traded up 0.10% during midday trading on Wednesday, hitting $38.69. 2,421,517 shares of the company traded hands. The stock’s 50-day moving average price is $36.02 and its 200 day moving average price is $35.38. The company has a market capitalization of $126.95 billion, a price-to-earnings ratio of 33.76 and a beta of 0.95. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.81.
BP p.l.c. (NYSE:BP) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.18). The firm had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that BP p.l.c. will post $1.65 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, August 11th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Wednesday, August 9th. BP p.l.c.’s dividend payout ratio (DPR) is presently 206.96%.
Several institutional investors have recently modified their holdings of BP. Burt Wealth Advisors lifted its holdings in shares of BP p.l.c. by 6.8% during the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Vestor Capital LLC bought a new stake in shares of BP p.l.c. during the 2nd quarter worth approximately $116,000. Pictet North America Advisors SA bought a new stake in shares of BP p.l.c. during the 1st quarter worth approximately $128,000. IHT Wealth Management LLC lifted its holdings in shares of BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after acquiring an additional 689 shares during the period. Finally, AlphaMark Advisors LLC lifted its holdings in shares of BP p.l.c. by 16.8% during the 1st quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock worth $144,000 after acquiring an additional 600 shares during the period. 10.09% of the stock is owned by institutional investors.
BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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