BP plc (NYSE: BP – Get Rating) has received an average rating of “moderate buy” from the twenty research firms that currently cover the business, reports Marketbeat Ratings. One investment analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and eight gave the company a buy recommendation. The average 1-year price target among brokerages that updated their coverage on the stock in the last year is $256.92.
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Several stock analysts have recently released reports on the company. Wells Fargo & Company raised its price target on BP from $36.00 to $37.00 and gave the stock an “equal weight” rating in a Tuesday, January 10 research report. HSBC upgraded BP from a “hold” rating to a “buy” rating in a Monday, October 24 report. JPMorgan Chase & Co. lowered its price target on BP from 560 GBX ($6.93) to 540 GBX ($6.69) in a Thursday, January 19 research report. Deutsche Bank Aktiengesellschaft raised its price target on BP from 527 GBX ($6.52) to 549 GBX ($6.80) in a Tuesday, December 6 research report. Finally, TD Securities raised its price target on BP from $32.00 to $34.00 and gave the company a “holding” rating in a Wednesday, Nov. 2 research note.
Institutional entries and exits
Institutional investors have recently changed their positions in the company. Brown Brothers Harriman & Co. increased its position in BP by 202.7% in the first quarter. Brown Brothers Harriman & Co. now owns 5,921 shares of the oil and gas exploration company worth $174,000 after acquiring 3,965 additional shares last quarter. SS&H Financial Advisors Inc. acquired a new position in BP during Q1 worth $338,000. Gamco Investors Inc. ET AL acquired a new position in BP during Q1 worth $343,000. Cowa LLC increased its stake in BP by 10,274.3% in the 1st quarter. Cowa LLC now owns 2,070,297 shares of the oil and gas exploration company valued at $609,000 after purchasing an additional 2,050,341 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in BP in the 1st quarter at a value of $327,000. 9.30% of the shares are held by hedge funds and other institutional investors.
BP shares down 0.1%
BP shares opened Thursday at $35.24. BP has a 52-week low of $25.36 and a 52-week high of $36.23. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt ratio of 0.58. The company has a 50-day simple moving average of $34.78 and a 200-day simple moving average of $32.13. The company has a market capitalization of $109.24 billion, a PE ratio of -10.27, a growth price-earnings ratio of 0.80 and a beta of 0.76.
BP (NYSE:BP – Get Rating) last released its quarterly results on Tuesday, November 1. The oil and gas exploration company reported earnings per share (EPS) of $2.59 for the quarter, beating the consensus estimate of $1.94 by $0.65. BP had a positive return on equity of 33.24% and a negative net margin of 4.75%. The company posted revenue of $57.81 billion for the quarter, versus analyst estimates of $57.46 billion. Sell-side analysts expect BP to post an EPS of 8.81 for the current fiscal year.
BP dividend announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 16. Investors of record on Friday, November 11 received a dividend of $0.3604. The ex-dividend date was Thursday, November 10. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 4.09%. BP’s payout ratio is currently -41.40%.
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BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment is engaged in oil and gas exploration, field development and production, midstream transportation, storage and processing, as well as marketing and trading of natural gas, including natural gas liquefied and electricity, and natural gas liquids.
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