Bank of America reaffirmed their neutral rating on shares of BP (LON:BP – Free Report) in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm currently has a GBX 500 ($6.18) price objective on the oil and gas exploration company’s stock.
A number of other equities analysts also recently commented on the stock. Berenberg Bank dropped their target price on shares of BP from GBX 525 ($6.48) to GBX 510 ($6.30) and set a hold rating on the stock in a research note on Thursday, February 22nd. AlphaValue cut shares of BP to a reduce rating in a research report on Monday, February 12th. Barclays reaffirmed an overweight rating and issued a GBX 1,000 ($12.35) price target on shares of BP in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of BP in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of GBX 617.89 ($7.63).
View Our Latest Research Report on BP
BP Price Performance
BP Dividend Announcement
The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 15th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 1.28%. BP’s payout ratio is 3,235.29%.
Insider Activity at BP
In related news, insider Murray Auchincloss purchased 72 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were acquired at an average price of GBX 517 ($6.39) per share, for a total transaction of £372.24 ($459.78). Insiders bought 82 shares of company stock valued at $41,974 over the last 90 days. Insiders own 0.28% of the company’s stock.
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.
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