BP p.l.c. (LON:BP) Insider Tushar Morzaria Acquires 20,000 Shares

BP p.l.c. (LON:BP – Get Rating) insider Tushar Morzaria bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of GBX 406 ($4.97) per share, for a total transaction of £81,200 ($99,497.61).

BP Stock Performance

Shares of LON:BP opened at GBX 410.70 ($5.03) on Thursday. The firm has a market capitalization of £78.24 billion and a PE ratio of -5.64. The company has a debt-to-equity ratio of 87.97, a current ratio of 1.19 and a quick ratio of 0.70. The business has a 50-day moving average of GBX 402.23 and a two-hundred day moving average of GBX 394.03. BP p.l.c. has a 12 month low of GBX 286.10 ($3.51) and a 12 month high of GBX 456 ($5.59).

BP Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from BP’s previous dividend of $0.05. This represents a yield of 1.25%. BP’s dividend payout ratio is currently -23.78%.

Wall Street Analysts Forecast Growth

BP has been the topic of a number of research analyst reports. Berenberg Bank boosted their target price on BP from GBX 500 ($6.13) to GBX 510 ($6.25) and gave the stock a “buy” rating in a research report on Friday, June 10th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 450 ($5.51) price objective on shares of BP in a research report on Thursday, May 26th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 530 ($6.49) price objective on shares of BP in a research report on Wednesday. Barclays restated an “overweight” rating and issued a GBX 700 ($8.58) price objective on shares of BP in a research report on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a GBX 540 ($6.62) target price (up from GBX 490 ($6.00)) on shares of BP in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 511 ($6.26).

BP Company Profile

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BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.