BP p.l.c. (NYSE:BP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $24.26, but opened at $24.92. BP shares last traded at $25.33, with a volume of 349,312 shares traded.

A number of analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BP in a research report on Wednesday, March 3rd. Mizuho assumed coverage on BP in a research note on Tuesday, January 12th. They set a “neutral” rating and a $27.00 price objective for the company. Oddo Bhf lowered BP from a “neutral” rating to an “underperform” rating in a research note on Friday, March 12th. Morgan Stanley lowered BP from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 30th. Finally, Scotiabank upgraded BP from a “sector perform” rating to a “sector outperform” rating and set a $28.00 price target for the company in a research note on Tuesday, February 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.69.

The firm has a market capitalization of $85.76 billion, a price-to-earnings ratio of -3.95, a PEG ratio of 3.37 and a beta of 0.87. The company has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $21.31. The company has a current ratio of 1.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.75.

BP (NYSE:BP) last released its quarterly earnings data on Monday, February 1st. The oil and gas exploration company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). BP had a negative net margin of 10.45% and a negative return on equity of 3.64%. The business had revenue of $48.57 billion during the quarter, compared to analyst estimates of $52.15 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s revenue was down 32.7% on a year-over-year basis. As a group, equities research analysts expect that BP p.l.c. will post -1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, February 19th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Thursday, February 18th. BP’s payout ratio is 42.03%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BP. Manning & Napier Group LLC raised its position in BP by 628.4% in the fourth quarter. Manning & Napier Group LLC now owns 1,883,706 shares of the oil and gas exploration company’s stock valued at $38,653,000 after purchasing an additional 1,625,098 shares during the period. SG Americas Securities LLC increased its position in shares of BP by 484.4% during the fourth quarter. SG Americas Securities LLC now owns 592,116 shares of the oil and gas exploration company’s stock worth $12,150,000 after acquiring an additional 490,789 shares during the period. TIAA FSB increased its position in shares of BP by 960.9% during the fourth quarter. TIAA FSB now owns 397,290 shares of the oil and gas exploration company’s stock worth $8,152,000 after acquiring an additional 359,843 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of BP during the third quarter worth $5,316,000. Finally, Essex Investment Management Co. LLC increased its position in shares of BP by 187,204.7% during the fourth quarter. Essex Investment Management Co. LLC now owns 280,957 shares of the oil and gas exploration company’s stock worth $5,765,000 after acquiring an additional 280,807 shares during the period. 7.91% of the stock is currently owned by institutional investors.

BP Company Profile (NYSE:BP)

BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and field development and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power, and natural gas liquids (NGLs).

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