BP plc (NYSE:BP) has earned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $54.18.
Several equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on LTC Properties in a research report on Wednesday. They set an “underperform” rating and a $19.00 price objective on the stock. Royal Bank of Canada assumed coverage on Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating on the stock.
NYSE BP traded down $0.07 during trading on Friday, reaching $41.21. The company’s stock had a trading volume of 4,344,518 shares, compared to its average volume of 4,684,687. The company has a market capitalization of $138.00 billion, a PE ratio of 10.84, a PEG ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a fifty day moving average of $41.50. BP has a one year low of $36.28 and a one year high of $47.16.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 5.97%. The ex-dividend date was Thursday, May 9th. BP’s dividend payout ratio (DPR) is currently 64.21%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perkins Coie Trust Co lifted its stake in shares of BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 252 shares during the period. Marino Stram & Associates LLC lifted its stake in shares of BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of BP in the 1st quarter valued at approximately $35,000. Bray Capital Advisors lifted its stake in shares of BP by 91.7% in the 1st quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 389 shares during the period. Finally, Dubuque Bank & Trust Co. lifted its stake in shares of BP by 35.8% in the 1st quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 11.02% of the company’s stock.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, 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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