BP Midstream Partners LP (NYSE:BPMP) announced a special dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Thursday, February 1st will be paid a dividend of 0.1798 per share on Thursday, February 15th. This represents a yield of 0.00841573033707865%. The ex-dividend date of this dividend is Wednesday, January 31st.

Shares of BP Midstream Partners (NYSE BPMP) traded up $0.45 during trading on Friday, reaching $21.81. 359,406 shares of the company’s stock were exchanged, compared to its average volume of 295,762. The company has a market cap of $2,280.00 and a price-to-earnings ratio of 51.93. BP Midstream Partners has a 1-year low of $16.85 and a 1-year high of $22.16.

In other BP Midstream Partners news, insider Robert P. Zinsmeister purchased 5,555 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $18.00 per share, with a total value of $99,990.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Clive Christison purchased 2,500 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $18.00 per share, with a total value of $45,000.00. The disclosure for this purchase can be found here.

A number of brokerages have issued reports on BPMP. JPMorgan Chase & Co. began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued an “overweight” rating on the stock. UBS Group began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued a “buy” rating and a $21.00 price target on the stock. Barclays started coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued an “equal weight” rating and a $20.00 price target on the stock. Goldman Sachs Group started coverage on shares of BP Midstream Partners in a research report on Monday, November 20th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, Citigroup started coverage on shares of BP Midstream Partners in a research report on Monday, November 20th. They issued a “buy” rating and a $21.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.75.

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About BP Midstream Partners

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

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