BP p.l.c. (BP) Upgraded at TheStreet
Several other analysts have also recently weighed in on BP. BidaskClub raised shares of BP p.l.c. from a strong sell rating to a sell rating in a research note on Thursday, August 3rd. Scotiabank restated a buy rating and issued a $39.00 target price on shares of BP p.l.c. in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of BP p.l.c. from a hold rating to a buy rating and set a $46.00 target price on the stock in a report on Tuesday, November 7th. Piper Jaffray Companies restated a buy rating and issued a $39.00 target price on shares of BP p.l.c. in a report on Thursday, September 28th. Finally, Vetr lowered shares of BP p.l.c. from a strong-buy rating to a buy rating and set a $43.32 target price on the stock. in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $38.67.
Shares of BP p.l.c. (NYSE BP) opened at $40.30 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. BP p.l.c. has a one year low of $32.53 and a one year high of $41.55. The firm has a market cap of $134,423.73, a price-to-earnings ratio of 29.72, a P/E/G ratio of 1.22 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Thursday, November 9th. This is a positive change from BP p.l.c.’s previous quarterly dividend of $0.60. BP p.l.c.’s dividend payout ratio is currently 203.42%.
Several institutional investors and hedge funds have recently bought and sold shares of BP. Burt Wealth Advisors raised its holdings in shares of BP p.l.c. by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after acquiring an additional 200 shares during the last quarter. Vestor Capital LLC bought a new stake in BP p.l.c. in the 2nd quarter worth about $116,000. IHT Wealth Management LLC grew its position in BP p.l.c. by 21.4% in the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after purchasing an additional 689 shares in the last quarter. Cable Hill Partners LLC grew its position in BP p.l.c. by 639.9% in the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its position in BP p.l.c. by 1.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 9.90% of the company’s stock.
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.
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