Bank of America restated their neutral rating on shares of BP (LON:BP – Free Report) in a research report released on Monday morning, MarketBeat reports. They currently have a GBX 500 ($6.18) target price on the oil and gas exploration company’s stock.
A number of other equities analysts also recently weighed in on BP. JPMorgan Chase & Co. reiterated an underweight rating on shares of BP in a report on Tuesday, February 20th. Berenberg Bank dropped 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 report on Thursday, February 22nd. AlphaValue downgraded BP to a reduce rating in a report on Monday, February 12th. Finally, Barclays reiterated an overweight rating and issued a GBX 1,000 ($12.35) target price on shares of BP in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of GBX 617.89 ($7.63).
View Our Latest Analysis on BP
BP Price Performance
BP Announces Dividend
The company also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 1.28%. BP’s payout ratio is 3,235.29%.
Insider Activity at BP
In related news, insider Murray Auchincloss bought 72 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of GBX 517 ($6.39) per share, with a total value of £372.24 ($459.78). In the last quarter, insiders bought 82 shares of company stock valued at $41,974. 0.28% of the stock is owned by corporate 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.
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