BP (LON:BP) Given “Underweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of BP (LON:BP) in a research report released on Tuesday morning, MarketBeat.com reports.

Several other research analysts also recently commented on BP. Berenberg Bank reissued a hold rating and issued a GBX 510 ($6.83) target price on shares of BP in a report on Monday, August 5th. Royal Bank of Canada reissued an outperform rating and issued a GBX 650 ($8.70) target price on shares of BP in a report on Tuesday, June 18th. Finally, Bank of America reissued a buy rating and issued a GBX 500 ($6.70) target price on shares of BP in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of GBX 636.67 ($8.53).

BP Stock Up 1.1 %

LON BP opened at GBX 388.15 ($5.20) on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. The stock’s 50 day moving average is GBX 429.82 and its two-hundred day moving average is GBX 469.15. The company has a market capitalization of £61.95 billion, a price-to-earnings ratio of 1,163.18, a PEG ratio of 0.35 and a beta of 0.49. BP has a 1-year low of GBX 389.77 ($5.22) and a 1-year high of GBX 562.30 ($7.53).

BP Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.08 per share. This is an increase from BP’s previous dividend of $0.07. The ex-dividend date was Thursday, August 8th. This represents a yield of 1.37%. BP’s dividend payout ratio is currently 6,969.70%.

Insiders Place Their Bets

In other BP news, insider Hina Nagarajan bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 429 ($5.74) per share, for a total transaction of £21,450 ($28,722.55). In other BP news, insider Hina Nagarajan bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 429 ($5.74) per share, for a total transaction of £21,450 ($28,722.55). Also, insider Murray Auchincloss sold 454,841 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.15), for a total transaction of £2,087,720.19 ($2,795,554.62). In the last quarter, insiders have bought 10,100 shares of company stock valued at $4,223,284. 0.26% of the stock is currently owned by corporate insiders.

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.