BP p.l.c. (LON:BP) to Issue $0.08 Dividend

BP p.l.c. (LON:BP) declared a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.08 per share by the oil and gas exploration company on Friday, December 20th. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 7th. The official announcement can be accessed at this link.

BP Stock Up 1.0 %

LON:BP opened at GBX 382 ($4.95) on Tuesday. BP has a 1 year low of GBX 379.70 ($4.92) and a 1 year high of GBX 562.30 ($7.29). The stock has a 50-day moving average price of GBX 405.94 and a two-hundred day moving average price of GBX 449.16. The stock has a market cap of £60.55 billion, a price-to-earnings ratio of 1,157.58, a PEG ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91.

Insider Transactions at BP

In other news, insider Hina Nagarajan acquired 5,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of GBX 407 ($5.28) per share, for a total transaction of £20,350 ($26,390.87). In related news, insider Hina Nagarajan acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of GBX 407 ($5.28) per share, with a total value of £20,350 ($26,390.87). Also, insider Murray Auchincloss acquired 87 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of GBX 434 ($5.63) per share, for a total transaction of £377.58 ($489.66). Insiders purchased 5,100 shares of company stock worth $2,078,044 over the last ninety days. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BP shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of BP in a research note on Tuesday, September 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 510 ($6.61) price objective on shares of BP in a report on Monday, August 5th. Finally, Bank of America reissued a “buy” rating and issued a GBX 500 ($6.48) price objective on shares of BP in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 632 ($8.20).

About BP

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.