BP (NYSE:BP) PT Raised to GBX 636

BP (NYSE:BPGet Rating) had its target price increased by Morgan Stanley from GBX 603 ($7.47) to GBX 636 ($7.87) in a research report report published on Monday, The Fly reports.

Several other research analysts have also recently commented on BP. Citigroup upgraded shares of BP from a neutral rating to a buy rating in a report on Tuesday, November 22nd. JPMorgan Chase & Co. lowered their target price on shares of BP from GBX 560 ($6.93) to GBX 540 ($6.69) in a report on Thursday, January 19th. TheStreet upgraded shares of BP from a c rating to a b- rating in a report on Wednesday, November 16th. StockNews.com upgraded shares of BP from a hold rating to a buy rating in a report on Thursday, November 10th. Finally, UBS Group upped their target price on shares of BP from GBX 510 ($6.31) to GBX 535 ($6.62) in a report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, BP currently has a consensus rating of Moderate Buy and a consensus target price of $270.23.

BP Trading Up 0.2 %

NYSE BP opened at $35.58 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. BP has a 52 week low of $25.36 and a 52 week high of $36.23. The stock has a market capitalization of $110.29 billion, a PE ratio of -10.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76. The firm has a 50 day moving average of $34.72 and a two-hundred day moving average of $32.06.

BP (NYSE:BPGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The oil and gas exploration company reported $2.59 EPS for the quarter, topping the consensus estimate of $1.94 by $0.65. BP had a negative net margin of 4.75% and a positive return on equity of 33.24%. The company had revenue of $57.81 billion during the quarter, compared to analysts’ expectations of $57.46 billion. As a group, research analysts expect that BP will post 8.81 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, November 11th were given a dividend of $0.3604 per share. The ex-dividend date was Thursday, November 10th. This represents a $1.44 dividend on an annualized basis and a yield of 4.05%. BP’s payout ratio is currently -41.40%.

Hedge Funds Weigh In On BP

A number of large investors have recently bought and sold shares of BP. Brown Brothers Harriman & Co. raised its position in BP by 202.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 5,921 shares of the oil and gas exploration company’s stock worth $174,000 after buying an additional 3,965 shares during the last quarter. SS&H Financial Advisors Inc. purchased a new position in shares of BP in the 1st quarter valued at about $338,000. Gamco Investors INC. ET AL purchased a new position in shares of BP in the 1st quarter valued at about $343,000. Cowa LLC increased its holdings in shares of BP by 10,274.3% in the 1st quarter. Cowa LLC now owns 2,070,297 shares of the oil and gas exploration company’s stock valued at $609,000 after purchasing an additional 2,050,341 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of BP in the 1st quarter valued at about $327,000. Hedge funds and other institutional investors own 9.30% of the company’s stock.

BP Company Profile

(Get Rating)

BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing, and marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids.

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