BP (BP) Downgraded by Vetr

Vetr downgraded shares of BP (NYSE:BP) from a buy rating to a hold rating in a report published on Tuesday. Vetr currently has $41.28 price target on the oil and gas exploration company’s stock.

A number of other analysts have also commented on the company. Zacks Investment Research raised BP from a hold rating to a buy rating and set a $46.00 price target for the company in a research note on Tuesday, November 7th. Jefferies Group set a $36.00 price objective on BP and gave the company a hold rating in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $39.00 price objective on BP and gave the company a buy rating in a research report on Friday, August 25th. Evercore ISI raised their price objective on BP from $43.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets raised BP from a market perform rating to an outperform rating in a research report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. BP presently has an average rating of Hold and an average price target of $38.89.

Shares of BP (NYSE BP) traded down $0.29 during mid-day trading on Tuesday, reaching $40.34. The company had a trading volume of 812,628 shares, compared to its average volume of 5,423,593. BP has a 12 month low of $33.10 and a 12 month high of $41.55. The stock has a market capitalization of $134,198.22, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, November 9th. This is an increase from BP’s previous quarterly dividend of $0.60. This represents a $2.40 annualized dividend and a dividend yield of 5.95%. BP’s dividend payout ratio (DPR) is presently 203.42%.

Several large investors have recently modified their holdings of the company. Burt Wealth Advisors increased its holdings in BP by 6.8% in the 2nd 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 in the last quarter. Vestor Capital LLC purchased a new position in BP in the second quarter worth about $116,000. Cable Hill Partners LLC boosted its position in BP by 639.9% in the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after purchasing an additional 3,078 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in BP in the third quarter worth about $151,000. Finally, Johnson Financial Group Inc. boosted its position in BP by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 9.97% of the company’s stock.

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BP Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

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