BP p.l.c. Declares Dividend of $0.08 (LON:BP)

BP p.l.c. (LON:BP) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 7th will be given a dividend of $0.08 per share by the oil and gas exploration company on Friday, December 20th. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be accessed at this link.

BP Stock Up 0.8 %

BP stock opened at GBX 385.10 ($5.01) on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. BP has a 1 year low of GBX 379.70 ($4.94) and a 1 year high of GBX 562.30 ($7.32). The company has a fifty day simple moving average of GBX 404.99 and a 200 day simple moving average of GBX 448.24. The firm has a market cap of £61.04 billion, a PE ratio of 1,166.97, a PEG ratio of 0.35 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a research note on Tuesday, September 24th. Berenberg Bank reissued a “hold” rating and set a GBX 510 ($6.64) target price on shares of BP in a research report on Monday, August 5th. Finally, Bank of America reissued a “buy” rating and set a GBX 500 ($6.51) target price on shares of BP in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BP has an average rating of “Hold” and a consensus target price of GBX 632 ($8.23).

Insiders Place Their Bets

In related news, insider Murray Auchincloss acquired 87 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of GBX 434 ($5.65) per share, for a total transaction of £377.58 ($491.51). In related news, insider Murray Auchincloss acquired 87 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of GBX 434 ($5.65) per share, for a total transaction of £377.58 ($491.51). Also, insider Hina Nagarajan acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of GBX 407 ($5.30) per share, for a total transaction of £20,350 ($26,490.50). Insiders bought a total of 5,100 shares of company stock valued at $2,078,044 in the last quarter. Insiders own 0.26% 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.