Credit Suisse Group downgraded shares of BP (NYSE:BP) from an outperform rating to a neutral rating in a report issued on Wednesday morning, Benzinga reports. Credit Suisse Group currently has $41.06 target price on the oil and gas exploration company’s stock.

Separately, Royal Bank of Canada started coverage on Robert Half International in a report on Tuesday, April 16th. They set a sector perform rating for the company. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $52.54.

BP stock opened at $41.21 on Wednesday. The company’s fifty day simple moving average is $41.50. BP has a fifty-two week low of $36.28 and a fifty-two week high of $47.16. The firm has a market cap of $138.00 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.72.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. BP had a return on equity of 12.19% and a net margin of 3.26%. The firm had revenue of $66.32 billion during the quarter, compared to analysts’ expectations of $64.85 billion. During the same period last year, the firm posted $0.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that BP will post 3.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 10th were paid a $0.615 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.46 annualized dividend and a dividend yield of 5.97%. BP’s dividend payout ratio (DPR) is currently 64.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Legacy Inc. acquired a new stake in shares of BP in the 4th quarter valued at $161,000. Horan Capital Advisors LLC. acquired a new stake in shares of BP in the 1st quarter valued at $35,000. Columbia Asset Management grew its stake in shares of BP by 12.6% during the first quarter. Columbia Asset Management now owns 52,569 shares of the oil and gas exploration company’s stock worth $2,298,000 after purchasing an additional 5,863 shares during the period. Global Financial Private Capital LLC grew its stake in shares of BP by 2.8% during the first quarter. Global Financial Private Capital LLC now owns 344,110 shares of the oil and gas exploration company’s stock worth $15,045,000 after purchasing an additional 9,341 shares during the period. Finally, Simmons Bank grew its stake in shares of BP by 6.5% during the first quarter. Simmons Bank now owns 34,453 shares of the oil and gas exploration company’s stock worth $1,506,000 after purchasing an additional 2,110 shares during the period. 11.02% of the stock is owned by institutional investors.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (NYSE:BP)

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