BP’s (BP) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of BP (LON:BP) in a research note published on Monday, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 540 ($6.79) price target on the oil and gas exploration company’s stock.

Several other brokerages have also commented on BP. Berenberg Bank decreased their price objective on BP from GBX 470 ($5.91) to GBX 440 ($5.53) and set a “hold” rating for the company in a report on Friday, November 29th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research note on Tuesday, September 24th. Finally, Bank of America reissued a “buy” rating and issued a GBX 500 ($6.29) price target on shares of BP in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, BP presently has an average rating of “Hold” and an average target price of GBX 605 ($7.61).

BP Trading Down 1.3 %

Shares of LON BP opened at GBX 380.10 ($4.78) on Monday. BP has a 1-year low of GBX 379.70 ($4.77) and a 1-year high of GBX 562.30 ($7.07). The business has a fifty day moving average price of GBX 388.79 and a 200 day moving average price of GBX 422.77. The stock has a market capitalization of £60.25 billion, a P/E ratio of 1,151.82, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62.

BP Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.08 per share. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 7th. BP’s dividend payout ratio (DPR) is 6,969.70%.

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss purchased 95 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of GBX 394 ($4.95) per share, with a total value of £374.30 ($470.58). Over the last quarter, insiders bought 200 shares of company stock valued at $76,760. Corporate insiders own 0.26% of the company’s stock.

BP Company Profile

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.