BP plc (LON:BP) has been assigned a consensus recommendation of “Buy” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 647.14 ($8.46).
BP has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of BP in a research note on Wednesday, July 31st. Jefferies Financial Group set a GBX 620 ($8.10) price objective on shares of BP and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Goldman Sachs Group reissued a “conviction-buy” rating on shares of BP in a research note on Tuesday. Societe Generale dropped their price objective on shares of BP from GBX 650 ($8.49) to GBX 635 ($8.30) and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, UBS Group reissued a “buy” rating and set a GBX 600 ($7.84) price objective on shares of BP in a research note on Monday, July 29th.
In other news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of GBX 503 ($6.57) per share, for a total transaction of £316.89 ($414.07). In the last quarter, insiders bought 179 shares of company stock worth $95,373.
The company also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 1.59%. BP’s dividend payout ratio is presently 0.78%.
BP Company Profile
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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