BP (LON:BP) Receives “Neutral” Rating from Bank of America

Bank of America reiterated their neutral rating on shares of BP (LON:BP) in a research note published on Monday, Marketbeat Ratings reports. They currently have a GBX 500 ($6.18) price objective on the oil and gas exploration company’s stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. restated an underweight rating on shares of BP in a research note on Tuesday, February 20th. Berenberg Bank cut their target price on BP from GBX 525 ($6.48) to GBX 510 ($6.30) and set a hold rating on the stock in a research note on Thursday, February 22nd. Barclays restated an overweight rating and issued a GBX 1,000 ($12.35) target price on shares of BP in a research note on Monday, April 8th. Finally, AlphaValue cut BP to a reduce rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, BP presently has a consensus rating of Hold and a consensus target price of GBX 617.89 ($7.63).

BP Trading Up 0.5 %

LON BP opened at GBX 525.60 ($6.49) on Monday. The stock has a market capitalization of £88.56 billion, a price-to-earnings ratio of 769.26, a PEG ratio of 0.35 and a beta of 0.55. The stock’s 50 day moving average price is GBX 492.26 and its two-hundred day moving average price is GBX 485.05. The company has a debt-to-equity ratio of 73.78, a quick ratio of 0.62 and a current ratio of 1.21. BP has a 52 week low of GBX 441.05 ($5.45) and a 52 week high of GBX 562.30 ($6.95).

BP Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 15th were given a dividend of $0.07 per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio (DPR) is 3,235.29%.

Insiders Place Their Bets

In other BP news, insider Murray Auchincloss bought 72 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average cost of GBX 517 ($6.39) per share, with a total value of £372.24 ($459.78). Insiders have purchased 82 shares of company stock valued at $41,974 in the last 90 days. 0.28% of the stock is currently owned by insiders.

BP Company Profile

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.