BP p.l.c. (LON:BP) Declares Dividend of $0.07

BP p.l.c. (LON:BP) declared a dividend on Tuesday, May 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be given a dividend of $0.07 per share by the oil and gas exploration company on Friday, June 28th. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 16th. The official announcement can be seen at this link.

BP Stock Down 0.6 %

BP stock opened at GBX 500.50 ($6.29) on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 73.78. The firm has a market cap of £83.98 billion, a P/E ratio of 740.74, a P/E/G ratio of 0.35 and a beta of 0.55. The business has a fifty day moving average of GBX 501 and a two-hundred day moving average of GBX 483.51. BP has a twelve month low of GBX 441.05 ($5.54) and a twelve month high of GBX 562.30 ($7.06).

Analysts Set New Price Targets

A number of brokerages recently weighed in on BP. Bank of America restated a “neutral” rating and set a GBX 500 ($6.28) price objective on shares of BP in a research note on Monday, April 22nd. Barclays restated an “overweight” rating and issued a GBX 1,000 ($12.56) price target on shares of BP in a report on Monday, April 8th. AlphaValue lowered shares of BP to a “reduce” rating in a research note on Monday, February 12th. Berenberg Bank decreased their target price on shares of BP from GBX 525 ($6.60) to GBX 510 ($6.41) and set a “hold” rating for the company in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 628.57 ($7.90).

Insiders Place Their Bets

In other news, insider Murray Auchincloss acquired 72 shares of BP stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average cost of GBX 517 ($6.49) per share, for a total transaction of £372.24 ($467.64). In the last quarter, insiders have purchased 82 shares of company stock valued at $41,974. Insiders own 0.28% of the company’s stock.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.