Several other equities research analysts have also recently issued reports on BP. Royal Bank of Canada reissued an underperform rating on shares of BP in a research note on Wednesday, April 29th. Piper Sandler cut BP from an overweight rating to a neutral rating and set a $40.00 price objective for the company. in a research note on Monday, March 9th. Credit Suisse Group reaffirmed a neutral rating on shares of BP in a research note on Wednesday, April 8th. Zacks Investment Research cut BP from a hold rating to a strong sell rating and set a $25.00 price objective for the company. in a research note on Tuesday, April 21st. Finally, UBS Group reaffirmed a buy rating on shares of BP in a research note on Monday, June 15th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. BP has an average rating of Hold and a consensus target price of $37.87.
BP stock opened at $23.41 on Wednesday. The business has a fifty day moving average of $24.00 and a two-hundred day moving average of $29.11. The company has a quick ratio of 0.83, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $79.04 billion, a price-to-earnings ratio of -24.13 and a beta of 0.80. BP has a 52-week low of $15.51 and a 52-week high of $41.71.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, May 11th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend was Friday, May 8th. BP’s dividend payout ratio (DPR) is 84.75%.
A number of hedge funds and other institutional investors have recently made changes to their positions in BP. FSA Wealth Management LLC purchased a new stake in shares of BP in the 4th quarter valued at about $25,000. Tsfg LLC lifted its holdings in shares of BP by 555.0% in the 1st quarter. Tsfg LLC now owns 1,310 shares of the oil and gas exploration company’s stock valued at $32,000 after purchasing an additional 1,110 shares during the last quarter. Solstein Capital LLC purchased a new stake in shares of BP in the 1st quarter valued at about $32,000. First National Bank of South Miami lifted its holdings in shares of BP by 73.2% in the 4th quarter. First National Bank of South Miami now owns 866 shares of the oil and gas exploration company’s stock valued at $33,000 after purchasing an additional 366 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of BP in the 1st quarter valued at about $33,000. 10.28% of the stock is owned by institutional investors.
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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