BP p.l.c. (NYSE:BP) declared a quarterly dividend on Thursday, April 29th, Wall Street Journal reports. Stockholders of record on Friday, May 7th will be given a dividend of 0.315 per share by the oil and gas exploration company on Friday, June 18th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, May 6th.
BP has decreased its dividend payment by 21.3% over the last three years and has raised its dividend every year for the last 1 years. BP has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BP to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 70.0%.
BP opened at $25.69 on Tuesday. The stock has a 50-day moving average price of $25.05 and a 200-day moving average price of $22.29. BP has a 12-month low of $14.74 and a 12-month high of $28.57. The company has a current ratio of 1.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $86.84 billion, a P/E ratio of -4.00, a PEG ratio of 3.37 and a beta of 0.87.
An institutional investor recently bought a new position in BP stock. OLD Mission Capital LLC bought a new stake in shares of BP p.l.c. (NYSE:BP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 304,469 shares of the oil and gas exploration company’s stock, valued at approximately $5,316,000. 7.91% of the stock is currently owned by institutional investors.
BP has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of BP in a research note on Thursday, January 21st. They issued a “hold” rating on the stock. Oddo Bhf downgraded shares of BP from a “neutral” rating to an “underperform” rating in a research report on Friday, March 12th. Societe Generale reissued a “buy” rating on shares of BP in a research report on Wednesday, April 28th. Morgan Stanley downgraded shares of BP from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 30th. Finally, HSBC raised shares of BP from a “hold” rating to a “buy” rating in a research report on Thursday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.24.
BP Company Profile
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage.
Featured Story: What is the Hang Seng index?
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.