Bank of America Reaffirms Neutral Rating for BP (LON:BP)

Bank of America reissued their neutral rating on shares of BP (LON:BP) in a research note released on Monday morning, MarketBeat.com reports. They currently have a GBX 500 ($6.18) target price on the oil and gas exploration company’s stock.

Several other equities research analysts have also issued reports on BP. JPMorgan Chase & Co. reissued an underweight rating on shares of BP in a report on Tuesday, February 20th. Berenberg Bank decreased their price objective on shares of BP from GBX 525 ($6.48) to GBX 510 ($6.30) and set a hold rating on the stock in a report on Thursday, February 22nd. AlphaValue lowered shares of BP to a reduce rating in a research report on Monday, February 12th. Finally, Barclays reaffirmed an overweight rating and set a GBX 1,000 ($12.35) price objective on shares of BP in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, BP has a consensus rating of Hold and an average target price of GBX 617.89 ($7.63).

BP Trading Up 0.1 %

Shares of BP stock opened at GBX 526.30 ($6.50) on Monday. The firm has a market capitalization of £88.68 billion, a PE ratio of 772.94, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55. The company has a debt-to-equity ratio of 73.78, a current ratio of 1.21 and a quick ratio of 0.62. The company’s fifty day moving average price is GBX 493.25 and its two-hundred day moving average price is GBX 485.33. BP has a 52-week low of GBX 441.05 ($5.45) and a 52-week high of GBX 562.30 ($6.95).

BP Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 1.28%. BP’s dividend payout ratio is 3,235.29%.

Insider Buying and Selling at BP

In other BP news, insider Murray Auchincloss acquired 72 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was bought at an average cost of GBX 517 ($6.39) per share, with a total value of £372.24 ($459.78). Insiders purchased a total of 82 shares of company stock worth $41,974 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.