BP plc (NYSE:BP) has earned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.05.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered BP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Vetr lowered BP from a “buy” rating to a “hold” rating and set a $41.28 price objective for the company. in a research report on Tuesday, December 12th. TheStreet raised BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Scotiabank reaffirmed a “buy” rating and set a $39.00 price objective on shares of BP in a research report on Wednesday, November 1st. Finally, 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.
Institutional investors have recently bought and sold shares of the business. Vestor Capital LLC bought a new stake in shares of BP in the 2nd quarter worth $116,000. Cable Hill Partners LLC grew its holdings in shares of 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 acquiring an additional 3,078 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of BP in the third quarter worth $151,000. Johnson Financial Group Inc. grew its holdings in shares of 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 acquiring an additional 55 shares during the period. Finally, Goodman Financial Corp bought a new stake in shares of BP in the third quarter worth $213,000. 9.96% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were issued a $0.60 dividend. This is a positive change from BP’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.57%. BP’s dividend payout ratio (DPR) is presently 203.42%.
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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.
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