BP (LON:BP) Share Price Crosses Above 50-Day Moving Average of $422.74

BP p.l.c. (LON:BPGet Rating) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 422.74 ($5.11) and traded as high as GBX 460.54 ($5.56). BP shares last traded at GBX 452.05 ($5.46), with a volume of 192,087,202 shares traded.

Analyst Upgrades and Downgrades

BP has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 700 ($8.46) target price on shares of BP in a research report on Tuesday, September 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 525 ($6.34) price objective on shares of BP in a research note on Thursday, August 11th. Barclays restated an “overweight” rating and set a GBX 700 ($8.46) price objective on shares of BP in a report on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 472 ($5.70) price objective on shares of BP in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 530 ($6.40) price objective on shares of BP in a report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 548.86 ($6.63).

BP Stock Up 0.1 %

The company has a 50-day moving average of GBX 422.74 and a 200-day moving average of GBX 406.40. The company has a market capitalization of £84.97 billion and a price-to-earnings ratio of -6.33. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 74.69.

BP Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, August 11th will be issued a dividend of $0.06 per share. This represents a yield of 1.25%. This is a positive change from BP’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, August 11th. BP’s dividend payout ratio (DPR) is -25.17%.

Insider Buying and Selling

In other BP news, insider Murray Auchincloss purchased 82 shares of the stock in a transaction on Monday, September 12th. The shares were bought at an average price of GBX 451 ($5.45) per share, for a total transaction of £369.82 ($446.86). In other news, insider Murray Auchincloss bought 82 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of GBX 451 ($5.45) per share, for a total transaction of £369.82 ($446.86). Also, insider Tushar Morzaria bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of GBX 406 ($4.91) per share, for a total transaction of £81,200 ($98,115.03). Insiders have purchased a total of 20,255 shares of company stock valued at $8,226,633 over the last ninety days.

BP Company Profile

(Get Rating)

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.

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