Stock Traders Buy High Volume of BP p.l.c. Call Options (BP)
BP p.l.c. (NYSE:BP) saw unusually large options trading on Tuesday. Stock investors purchased 67,515 call options on the company. This represents an increase of approximately 974% compared to the average volume of 6,286 call options.
A number of equities analysts have issued reports on the company. Piper Jaffray Companies upgraded BP p.l.c. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $36.33 to $42.00 in a research report on Friday, August 4th. BidaskClub upgraded BP p.l.c. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Scotiabank set a $37.00 price target on BP p.l.c. and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Societe Generale downgraded BP p.l.c. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $35.04 to $34.90 in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $35.90 price target on shares of BP p.l.c. in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.51.
BP p.l.c. (BP) opened at 35.47 on Friday. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68. The company’s 50-day moving average price is $35.14 and its 200-day moving average price is $35.02. The stock has a market cap of $116.69 billion, a P/E ratio of 30.95 and a beta of 0.94.
BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. During the same period in the previous year, the company posted $0.23 EPS. BP p.l.c.’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts forecast that BP p.l.c. will post $1.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 11th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Wednesday, August 9th. BP p.l.c.’s payout ratio is currently 206.96%.
Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in BP p.l.c. during the first quarter worth about $106,000. Burt Wealth Advisors raised its stake in BP p.l.c. by 6.8% in the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in BP p.l.c. during the first quarter worth about $114,000. Finally, Vestor Capital LLC bought a new stake in BP p.l.c. during the second quarter worth about $116,000. 9.95% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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