Insider Buying: BP p.l.c. (LON:BP) Insider Purchases £372.24 in Stock

BP p.l.c. (LON:BP) insider Murray Auchincloss purchased 72 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average price of GBX 517 ($6.54) per share, for a total transaction of £372.24 ($471.13).

BP Stock Up 3.7 %

BP stock opened at GBX 539.10 ($6.82) on Friday. BP p.l.c. has a 1-year low of GBX 441.05 ($5.58) and a 1-year high of GBX 562.30 ($7.12). The business has a fifty day moving average price of GBX 484.44 and a 200-day moving average price of GBX 485.07. The company has a debt-to-equity ratio of 73.78, a current ratio of 1.21 and a quick ratio of 0.62. The stock has a market capitalization of £91.00 billion, a P/E ratio of 792.79, a P/E/G ratio of 0.35 and a beta of 0.55.

BP Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 15th were paid a $0.07 dividend. This represents a dividend yield of 1.28%. The ex-dividend date was Thursday, February 15th. BP’s dividend payout ratio is currently 3,235.29%.

Wall Street Analyst Weigh In

BP has been the topic of several research reports. Barclays restated an “overweight” rating and set a GBX 1,000 ($12.66) price target on shares of BP in a research report on Monday, April 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of BP in a report on Tuesday, February 20th. AlphaValue downgraded BP to a “reduce” rating in a report on Monday, February 12th. Finally, Berenberg Bank dropped their target price on BP from GBX 525 ($6.64) to GBX 510 ($6.45) and set a “hold” rating on the stock in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, BP has a consensus rating of “Hold” and an average target price of GBX 632.63 ($8.01).

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.