BP p.l.c. (LON:BP) Insider Buys £311.85 in Stock

BP p.l.c. (LON:BPGet Rating) insider Bernard Looney acquired 77 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average cost of GBX 405 ($4.99) per share, for a total transaction of £311.85 ($384.48).

Bernard Looney also recently made the following trade(s):

  • On Thursday, March 10th, Bernard Looney bought 83 shares of BP stock. The stock was purchased at an average price of GBX 372 ($4.59) per share, with a total value of £308.76 ($380.67).

LON:BP traded up GBX 0.15 ($0.00) during trading hours on Wednesday, reaching GBX 404.95 ($4.99). 51,616,675 shares of the company were exchanged, compared to its average volume of 8,560,774. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 77.17. The stock’s 50-day moving average is GBX 383.25 and its 200-day moving average is GBX 368.79. The firm has a market cap of £79.08 billion and a PE ratio of 13.41. BP p.l.c. has a twelve month low of GBX 275.85 ($3.40) and a twelve month high of GBX 430.75 ($5.31).

The firm also recently announced a dividend, which will be paid on Friday, June 24th. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.05 per share. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, May 12th. BP’s payout ratio is 56.29%.

Several equities analysts recently issued reports on BP shares. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 450 ($5.55) target price on shares of BP in a research note on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 ($6.16) target price on shares of BP in a research note on Wednesday, May 4th. Citigroup reiterated a “neutral” rating and issued a GBX 375 ($4.62) target price on shares of BP in a research note on Monday, February 28th. Berenberg Bank boosted their target price on shares of BP from GBX 450 ($5.55) to GBX 500 ($6.16) and gave the company a “buy” rating in a research note on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 700 ($8.63) price objective on shares of BP in a research report on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 515.63 ($6.36).

About BP (Get Rating)

BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.

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