BP p.l.c. (BP) To Go Ex-Dividend on May 16th

BP p.l.c. (LON:BP) declared a dividend on Tuesday, May 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.07 per share by the oil and gas exploration company on Friday, June 28th. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, May 16th. The official announcement can be viewed at this link.

BP Trading Down 0.6 %

Shares of BP stock opened at GBX 500.50 ($6.29) on Thursday. The stock has a market cap of £83.98 billion, a P/E ratio of 740.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55. BP has a 1 year low of GBX 441.05 ($5.54) and a 1 year high of GBX 562.30 ($7.06). The company has a current ratio of 1.21, a quick ratio of 0.62 and a debt-to-equity ratio of 73.78. The stock has a 50 day simple moving average of GBX 501 and a 200 day simple moving average of GBX 483.51.

Insider Activity

In related news, insider Murray Auchincloss purchased 72 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of GBX 517 ($6.49) per share, with a total value of £372.24 ($467.64). Insiders acquired a total of 82 shares of company stock valued at $41,974 in the last ninety days. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. AlphaValue cut BP to a “reduce” rating in a research note on Monday, February 12th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($12.56) price objective on shares of BP in a research note on Monday, April 8th. Bank of America reiterated a “neutral” rating and issued a GBX 500 ($6.28) target price on shares of BP in a research report on Monday, April 22nd. Berenberg Bank dropped their target price on shares of BP from GBX 525 ($6.60) to GBX 510 ($6.41) and set a “hold” rating for the company in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, BP has a consensus rating of “Hold” and a consensus target price of GBX 628.57 ($7.90).

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.