BP p.l.c. (LON:BP - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 448.24 ($5.83) and traded as low as GBX 380.05 ($4.95). BP shares last traded at GBX 382 ($4.97), with a volume of 25,729,134 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BP. Bank of America reissued a "buy" rating and issued a GBX 500 ($6.51) price objective on shares of BP in a research note on Wednesday, September 4th. Berenberg Bank reiterated a "hold" rating and set a GBX 510 ($6.64) price target on shares of BP in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of BP in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, BP presently has an average rating of "Hold" and an average target price of GBX 632 ($8.23).
Check Out Our Latest Stock Analysis on BP
BP Stock Performance
The stock's fifty day simple moving average is GBX 404.99 and its two-hundred day simple moving average is GBX 448.24. The company has a market cap of £61.04 billion, a price-to-earnings ratio of 1,166.97, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24.
BP Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be given a $0.08 dividend. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 7th. BP's payout ratio is currently 6,969.70%.
Insider Transactions at BP
In other news, insider Murray Auchincloss acquired 87 shares of the business's stock in a transaction on Monday, August 12th. The shares were purchased at an average price of GBX 434 ($5.65) per share, for a total transaction of £377.58 ($491.51). In related news, insider Murray Auchincloss acquired 87 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of GBX 434 ($5.65) per share, for a total transaction of £377.58 ($491.51). Also, insider Hina Nagarajan purchased 5,000 shares of the company's stock in a transaction on Friday, September 6th. The shares were bought at an average price of GBX 407 ($5.30) per share, for a total transaction of £20,350 ($26,490.50). Insiders purchased 5,100 shares of company stock valued at $2,078,044 over the last quarter. Company insiders own 0.26% of the company's stock.
About BP
(
Get Free Report)
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.
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