BP plc (BP) Shares Down 0.5%
BP plc (LON:BP) fell 0.5% during trading on Friday . The stock traded as low as GBX 486.60 ($6.45) and last traded at GBX 488.15 ($6.47). 19,201,997 shares traded hands during trading, a decline of 30% from the average session volume of 27,449,000 shares. The stock had previously closed at GBX 490.40 ($6.50).
Several research firms recently commented on BP. UBS AG set a GBX 525 ($6.96) price objective on BP plc and gave the company a “buy” rating in a research report on Monday, June 19th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 675 ($8.95) price objective on shares of BP plc in a research report on Tuesday, August 15th. Kepler Capital Markets set a GBX 485 ($6.43) price objective on BP plc and gave the company a “neutral” rating in a research report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 500 ($6.63) price objective on shares of BP plc in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 500 ($6.63) price objective on shares of BP plc in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 510.14 ($6.77).
The firm’s market cap is GBX 96.10 billion. The stock’s 50 day moving average is GBX 456.76 and its 200 day moving average is GBX 457.25.
The company also recently announced a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.64%.
In other news, insider Brian Gilvary bought 68 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of GBX 469 ($6.22) per share, for a total transaction of £318.92 ($423.03). In the last 90 days, insiders bought 208 shares of company stock worth $94,192.
BP plc Company Profile
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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