Shares of BP plc (NYSE:BP) have earned a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.89.

A number of research firms have commented on BP. Vetr raised shares of BP from a “hold” rating to a “buy” rating and set a $41.28 target price for the company in a research report on Wednesday. Zacks Investment Research raised shares of BP from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research report on Wednesday, November 22nd. TheStreet raised shares of BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Scotiabank reaffirmed a “buy” rating and issued a $39.00 target price on shares of BP in a research report on Wednesday, November 1st. Finally, Evercore ISI lifted their target price on shares of BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st.

Several hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of BP by 0.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock valued at $258,345,000 after acquiring an additional 61,668 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of BP by 6.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock valued at $157,009,000 after buying an additional 240,212 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of BP by 13.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock valued at $99,898,000 after buying an additional 338,581 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of BP by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 605,397 shares of the oil and gas exploration company’s stock valued at $23,265,000 after buying an additional 7,719 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in shares of BP by 5.4% during the 3rd quarter. Aperio Group LLC now owns 600,460 shares of the oil and gas exploration company’s stock valued at $23,076,000 after buying an additional 30,762 shares in the last quarter. 9.97% of the stock is owned by hedge funds and other institutional investors.

Shares of BP (NYSE BP) opened at $39.31 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. BP has a 1 year low of $33.10 and a 1 year high of $41.55. The company has a market cap of $130,660.00, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, November 10th will be given a dividend of $0.60 per share. This is an increase from BP’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.11%. BP’s payout ratio is presently 203.42%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/08/bp-plc-bp-given-average-recommendation-of-hold-by-analysts.html.

About BP

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.

Analyst Recommendations for BP (NYSE:BP)

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.