BP has been the subject of a number of other research reports. Vetr raised shares of BP PLC from a hold rating to a buy rating and set a $33.74 price objective for the company in a report on Monday, June 13th. Morgan Stanley reissued a neutral rating on shares of BP PLC in a report on Monday, June 13th. Citigroup Inc. raised shares of BP PLC from a neutral rating to a buy rating and upped their price objective for the company from $31.15 to $39.00 in a report on Thursday, June 16th. Collins Stewart reissued a buy rating on shares of BP PLC in a report on Thursday, June 30th. Finally, Credit Suisse Group AG raised shares of BP PLC from an underperform rating to a neutral rating in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. BP PLC currently has a consensus rating of Buy and an average price target of $38.63.
Shares of BP PLC (NYSE:BP) traded up 0.3897% during midday trading on Thursday, reaching $36.0901. 2,708,690 shares of the company were exchanged. The firm’s market capitalization is $112.94 billion. BP PLC has a 52 week low of $27.01 and a 52 week high of $37.53. The firm has a 50-day moving average of $34.32 and a 200 day moving average of $33.17.
BP PLC (NYSE:BP) last released its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.05. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. The business had revenue of $46.44 billion for the quarter, compared to analysts’ expectations of $50.22 billion. During the same period in the previous year, the company earned $0.07 EPS. BP PLC’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, equities research analysts expect that BP PLC will post $1.09 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 5th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.62%. BP PLC’s payout ratio is -139.18%.
Institutional investors have recently made changes to their positions in the stock. Washington Trust Bank raised its position in shares of BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 2,082 shares in the last quarter. Krilogy Financial LLC raised its position in shares of BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 555 shares in the last quarter. Farmers National Bank bought a new position in shares of BP PLC during the second quarter valued at approximately $131,000. Kistler Tiffany Companies LLC raised its position in shares of BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock valued at $146,000 after buying an additional 26 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of BP PLC by 5.0% in the second quarter. Quadrant Capital Group LLC now owns 4,542 shares of the oil and gas exploration company’s stock valued at $151,000 after buying an additional 217 shares in the last quarter. Institutional investors own 12.06% of the company’s stock.
About BP PLC
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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