Barclays reissued their overweight rating on shares of BP (LON:BP – Free Report) in a research note published on Monday, MarketBeat reports. The firm currently has a GBX 1,000 ($12.66) price objective on the oil and gas exploration company’s stock.
Several other research analysts have also recently weighed in on BP. Berenberg Bank reduced their price objective on BP from GBX 525 ($6.64) to GBX 510 ($6.45) and set a hold rating for the company in a research report on Thursday, February 22nd. JPMorgan Chase & Co. reissued an underweight rating on shares of BP in a research report on Tuesday, February 20th. Finally, AlphaValue cut BP to a reduce rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of GBX 632.63 ($8.01).
Read Our Latest Stock Analysis on BP
BP Trading Up 0.8 %
BP Dividend Announcement
The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 1.28%. BP’s dividend payout ratio is currently 3,235.29%.
Insider Activity at BP
In other BP news, insider Murray Auchincloss purchased 82 shares of BP stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average price of GBX 459 ($5.81) per share, with a total value of £376.38 ($476.37). In the last 90 days, insiders acquired 92 shares of company stock valued at $42,388. 0.28% of the stock is owned by company 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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