JPMorgan Chase & Co. Raises BP (LON:BP) Price Target to GBX 440

BP (LON:BP - Free Report) had its price target hoisted by JPMorgan Chase & Co. from GBX 425 ($5.19) to GBX 440 ($5.37) in a report published on Tuesday, Marketbeat.com reports. They currently have an underweight rating on the oil and gas exploration company's stock.

A number of other analysts have also recently weighed in on BP. Jefferies Financial Group restated a "buy" rating and set a GBX 540 ($6.59) price objective on shares of BP in a research report on Monday, December 16th. Berenberg Bank decreased their price objective on shares of BP from GBX 470 ($5.74) to GBX 440 ($5.37) and set a "hold" rating for the company in a research note on Friday, November 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 595 ($7.26).

BP Stock Up 1.4 %

LON:BP traded up GBX 6.10 ($0.07) during trading hours on Tuesday, hitting GBX 431.20 ($5.26). The company's stock had a trading volume of 46,834,034 shares, compared to its average volume of 8,560,774. BP has a 52-week low of GBX 379.70 ($4.64) and a 52-week high of GBX 562.30 ($6.86). The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. The stock has a market capitalization of £68.35 billion, a P/E ratio of 1,306.67, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The stock has a fifty day moving average of GBX 389.55 and a 200-day moving average of GBX 413.08.

BP Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 7th were issued a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date of this dividend was Thursday, November 7th. BP's dividend payout ratio is presently 6,969.70%.

Insider Transactions at BP

In other news, insider Murray Auchincloss purchased 100 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of GBX 373 ($4.55) per share, for a total transaction of £373 ($455.38). In the last three months, insiders acquired 283 shares of company stock valued at $111,954. Corporate insiders own 0.26% of the company's stock.

BP Company Profile

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.