BP p.l.c. (NYSE:BP - Get Free Report) shares saw strong trading volume on Friday . 32,072,828 shares traded hands during mid-day trading, an increase of 250% from the previous session's volume of 9,155,544 shares.The stock last traded at $34.59 and had previously closed at $34.75.
Wall Street Analyst Weigh In
Several analysts recently commented on BP shares. Wolfe Research set a $50.00 target price on shares of BP in a report on Tuesday, January 14th. TD Securities restated a "hold" rating and set a $36.00 price objective (down previously from $40.00) on shares of BP in a report on Wednesday, March 19th. DZ Bank lowered BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on BP from $34.70 to $31.80 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upgraded BP from an "underweight" rating to a "neutral" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $37.48.
Get Our Latest Stock Analysis on BP
BP Price Performance
The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a market capitalization of $91.79 billion, a PE ratio of 428.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The business's 50-day moving average price is $32.75 and its 200 day moving average price is $31.26.
BP (NYSE:BP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. Research analysts forecast that BP p.l.c. will post 3.53 earnings per share for the current year.
BP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.60%. BP's payout ratio is 2,375.00%.
Institutional Trading of BP
A number of institutional investors have recently modified their holdings of BP. Ameriprise Financial Inc. increased its position in shares of BP by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company's stock valued at $27,810,000 after buying an additional 38,759 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of BP by 2.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company's stock valued at $19,526,000 after buying an additional 14,436 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of BP by 30.1% in the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock worth $14,040,000 after buying an additional 110,019 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of BP by 2.3% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company's stock worth $13,753,000 after acquiring an additional 10,262 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in BP by 1.2% during the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company's stock worth $13,842,000 after acquiring an additional 5,150 shares in the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.
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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