BP plc (BP) to Issue $0.10 Dividend

BP plc (LON:BP) declared a dividend on Tuesday, February 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, February 15th will be given a dividend of $0.10 per share by the oil and gas exploration company on Thursday, March 29th. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, February 15th. The official announcement can be viewed at this link.

Shares of BP (LON:BP) opened at GBX 474.20 ($6.55) on Wednesday. BP has a one year low of GBX 436.95 ($6.04) and a one year high of GBX 536.20 ($7.41). The stock has a market cap of $94,190.00 and a price-to-earnings ratio of 3,951.67.

In other BP news, insider Brian Gilvary acquired 60 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average cost of GBX 528 ($7.29) per share, for a total transaction of £316.80 ($437.69). Insiders purchased 188 shares of company stock valued at $93,289 over the last quarter.

Several analysts have issued reports on BP shares. Barclays reissued an “overweight” rating and set a GBX 675 ($9.33) target price on shares of BP in a research note on Tuesday, October 17th. Jefferies Group boosted their target price on shares of BP from GBX 470 ($6.49) to GBX 500 ($6.91) and gave the company a “hold” rating in a research note on Thursday, October 19th. JPMorgan Chase & Co. boosted their target price on shares of BP from GBX 500 ($6.91) to GBX 540 ($7.46) and gave the company an “overweight” rating in a research note on Thursday, October 19th. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 500 ($6.91) target price on shares of BP in a research note on Monday, October 23rd. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 520 ($7.18) target price on shares of BP in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 550.79 ($7.61).

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BP Company Profile

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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