BP plc Declares Dividend of $0.10 (BP)
BP plc (LON:BP) announced a dividend on Tuesday, October 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.10 per share by the oil and gas exploration company on Thursday, December 21st. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, November 9th. The official announcement can be accessed at this link.
Shares of BP plc (LON BP) traded up GBX 2.80 ($0.04) during trading hours on Friday, hitting GBX 516.80 ($6.82). 24,993,131 shares of the stock traded hands.
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Several brokerages have commented on BP. UBS Group AG (USA) set a GBX 525 ($6.93) target price on BP plc and gave the company a “buy” rating in a research note on Wednesday. Barclays PLC reiterated an “overweight” rating and set a GBX 675 ($8.91) target price on shares of BP plc in a research note on Tuesday, August 15th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 540 ($7.13) target price on shares of BP plc in a research note on Wednesday. Credit Suisse Group increased their target price on BP plc from GBX 530 ($6.99) to GBX 575 ($7.59) and gave the company an “outperform” rating in a research note on Wednesday. Finally, Kepler Capital Markets raised their price target on BP plc from GBX 485 ($6.40) to GBX 505 ($6.66) and gave the stock a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. BP plc currently has a consensus rating of “Buy” and a consensus target price of GBX 535.25 ($7.06).
In other BP plc news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was acquired at an average price of GBX 486 ($6.41) per share, for a total transaction of £306.18 ($404.04). In the last quarter, insiders purchased 201 shares of company stock valued at $93,730.
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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