BP plc (NYSE:BP)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $43.27, but opened at $42.34. BP shares last traded at $41.06, with a volume of 9477278 shares.
A number of equities research analysts have issued reports on BP shares. Royal Bank of Canada lowered shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price on the stock. in a report on Tuesday, April 16th. Deutsche Bank reiterated a “buy” rating on shares of BP in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. BP presently has a consensus rating of “Buy” and a consensus price target of $55.41.
The firm has a market capitalization of $142.10 billion, a PE ratio of 10.81, a P/E/G ratio of 1.74 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, May 9th. BP’s dividend payout ratio is presently 64.21%.
Several large investors have recently made changes to their positions in BP. Premia Global Advisors LLC purchased a new position in shares of BP in the 1st quarter valued at $27,000. Perkins Coie Trust Co grew its position in shares of BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 252 shares during the last quarter. JNBA Financial Advisors purchased a new position in shares of BP in the 4th quarter valued at $29,000. Marino Stram & Associates LLC grew its position in shares of BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 277 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new position in shares of BP in the 1st quarter valued at $29,000. 11.04% of the stock is currently owned by institutional investors.
About BP (NYSE:BP)
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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