BP p.l.c. (NYSE:BP) has earned an average rating of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.28.

BP has been the topic of several research reports. Piper Jaffray Companies set a $39.00 price target on shares of BP p.l.c. and gave the stock a “buy” rating in a research report on Friday, August 25th. Kepler Capital Markets cut shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. BidaskClub cut shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Argus boosted their price objective on shares of BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Finally, Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research report on Monday, June 12th.

A number of institutional investors have recently modified their holdings of the company. Beaton Management Co. Inc. bought a new stake in BP p.l.c. during the second quarter valued at approximately $211,000. Financial Partners Capital Management LLC raised its stake in BP p.l.c. by 5.6% in the second quarter. Financial Partners Capital Management LLC now owns 170,146 shares of the oil and gas exploration company’s stock valued at $5,896,000 after buying an additional 9,052 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in BP p.l.c. by 7.4% in the second quarter. Stonebridge Capital Advisors LLC now owns 67,794 shares of the oil and gas exploration company’s stock valued at $2,349,000 after buying an additional 4,677 shares in the last quarter. Highlander Capital Management LLC raised its stake in BP p.l.c. by 25.6% in the second quarter. Highlander Capital Management LLC now owns 7,350 shares of the oil and gas exploration company’s stock valued at $257,000 after buying an additional 1,500 shares in the last quarter. Finally, Simmons Bank raised its stake in BP p.l.c. by 32.7% in the second quarter. Simmons Bank now owns 21,835 shares of the oil and gas exploration company’s stock valued at $757,000 after buying an additional 5,380 shares in the last quarter. Institutional investors own 10.10% of the company’s stock.

Shares of BP p.l.c. (BP) traded up 0.2223% during mid-day trading on Wednesday, reaching $34.4464. 1,327,550 shares of the company’s stock were exchanged. BP p.l.c. has a 52-week low of $32.53 and a 52-week high of $38.68. The company has a 50 day moving average price of $34.99 and a 200 day moving average price of $34.87. The firm has a market cap of $113.02 billion, a P/E ratio of 30.0579 and a beta of 0.94.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts forecast that BP p.l.c. will post $1.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 annualized dividend and a yield of 6.92%. BP p.l.c.’s dividend payout ratio (DPR) is presently 206.96%.

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About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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