Barclays reiterated their overweight rating on shares of BP (LON:BP) in a research report sent to investors on Tuesday, September 11th. They currently have a GBX 705 ($9.18) price target on the oil and gas exploration company’s stock.
BP has been the topic of a number of other research reports. Citigroup reiterated a buy rating and set a GBX 650 ($8.47) target price on shares of BP in a research report on Thursday, June 21st. HSBC set a GBX 675 ($8.79) target price on shares of BP and gave the company a buy rating in a research report on Monday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of BP from GBX 560 ($7.29) to GBX 600 ($7.82) and gave the company an overweight rating in a research report on Tuesday, May 22nd. Deutsche Bank set a GBX 620 ($8.08) target price on shares of BP and gave the company a buy rating in a research report on Monday, July 23rd. Finally, Sanford C. Bernstein set a GBX 690 ($8.99) price objective on shares of BP and gave the stock a buy rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. BP has a consensus rating of Buy and a consensus price target of GBX 623.86 ($8.13).
Shares of BP stock traded down GBX 9.80 ($0.13) during trading on Tuesday, reaching GBX 588.50 ($7.67). 27,611,597 shares of the company traded hands, compared to its average volume of 35,510,000. BP has a 1-year low of GBX 436.95 ($5.69) and a 1-year high of GBX 536.20 ($6.98).
The company also recently announced a dividend, which was paid on Friday, September 21st. Stockholders of record on Thursday, August 9th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 9th. This represents a dividend yield of 1.38%. This is an increase from BP’s previous dividend of $0.10.
In other news, insider Brian Gilvary bought 53 shares of the stock in a transaction dated Tuesday, July 10th. The stock was bought at an average price of GBX 585 ($7.62) per share, for a total transaction of £310.05 ($403.87). In the last quarter, insiders bought 169 shares of company stock valued at $94,863.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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