BP plc (BP) Receives Average Recommendation of “Hold” from Brokerages
Shares of BP plc (NYSE:BP) have received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $40.80.
A number of equities research analysts recently commented on the stock. TheStreet cut shares of BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Vetr raised shares of BP from a “buy” rating to a “strong-buy” rating and set a $44.43 target price for the company in a research report on Monday. Societe Generale raised shares of BP from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Morgan Stanley cut shares of BP from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 13th. Finally, Scotiabank reissued a “buy” rating and set a $39.00 target price on shares of BP in a research report on Wednesday, November 1st.
BP (NYSE:BP) opened at $39.52 on Wednesday. BP has a one year low of $33.10 and a one year high of $44.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $132,140.00, a P/E ratio of 38.37, a PEG ratio of 0.77 and a beta of 0.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be issued a $0.60 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.07%. BP’s dividend payout ratio is currently 231.07%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. CNB Bank purchased a new position in shares of BP in the fourth quarter worth $461,000. Dixon Hubard Feinour & Brown Inc. VA raised its holdings in shares of BP by 30.0% in the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 8,709 shares of the oil and gas exploration company’s stock worth $366,000 after buying an additional 2,009 shares during the last quarter. OLD Republic International Corp raised its holdings in shares of BP by 14.0% in the fourth quarter. OLD Republic International Corp now owns 1,975,200 shares of the oil and gas exploration company’s stock worth $83,018,000 after buying an additional 243,000 shares during the last quarter. Delek Group Ltd. purchased a new position in shares of BP in the fourth quarter worth $26,992,000. Finally, Sawtooth Solutions LLC raised its holdings in shares of BP by 255.9% in the fourth quarter. Sawtooth Solutions LLC now owns 26,506 shares of the oil and gas exploration company’s stock worth $1,115,000 after buying an additional 19,059 shares during the last quarter. 10.05% of the stock is owned by institutional investors and hedge funds.
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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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