BP p.l.c. (NYSE:BP) Given Consensus Rating of “Hold” by Brokerages

Shares of BP p.l.c. (NYSE:BP) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.3462.

BP has been the subject of several research analyst reports. Melius Research cut BP from a “buy” rating to a “sell” rating and set a $31.00 target price for the company. in a research note on Wednesday, February 11th. BNP Paribas Exane downgraded shares of BP from an “outperform” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research note on Thursday, February 12th. Piper Sandler raised their price objective on shares of BP from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. HSBC lowered shares of BP from a “hold” rating to a “reduce” rating and set a $38.50 target price on the stock. in a research note on Thursday, February 12th. Finally, Freedom Capital lowered BP from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th.

Hedge Funds Weigh In On BP

A number of hedge funds have recently added to or reduced their stakes in BP. Strategic Advocates LLC acquired a new stake in shares of BP during the third quarter worth $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of BP during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in BP during the second quarter worth about $27,000. YANKCOM Partnership boosted its stake in BP by 1,068.3% in the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 876 shares during the period. Finally, Triumph Capital Management bought a new position in shares of BP during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Stock Up 0.6%

Shares of BP stock opened at $38.42 on Tuesday. BP has a 1-year low of $25.22 and a 1-year high of $39.51. The company has a market capitalization of $100.73 billion, a PE ratio of -3,837.66, a P/E/G ratio of 1.79 and a beta of 0.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. The business has a 50-day moving average of $36.17 and a 200-day moving average of $35.38.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. BP had a return on equity of 9.68% and a net margin of 0.03%.The business had revenue of $47.38 billion for the quarter, compared to analysts’ expectations of $42.19 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that BP will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, February 20th will be issued a $0.4992 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, February 20th. BP’s payout ratio is -19,800.00%.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.