BP (LON:BP) Stock Passes Below 200 Day Moving Average of $472.92

BP p.l.c. (LON:BP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 472.92 ($6.18) and traded as low as GBX 398.90 ($5.22). BP shares last traded at GBX 403 ($5.27), with a volume of 24,959,408 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of BP from GBX 550 ($7.19) to GBX 500 ($6.54) and set an "underweight" rating on the stock in a report on Tuesday, September 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a GBX 650 ($8.50) target price on shares of BP in a report on Tuesday, June 18th. Berenberg Bank reissued a "hold" rating and issued a GBX 510 ($6.67) target price on shares of BP in a report on Monday, August 5th. Finally, Bank of America reissued a "buy" rating and issued a GBX 500 ($6.54) target price on shares of BP in a report on Wednesday, September 4th. Two investment 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 a consensus rating of "Hold" and an average target price of GBX 636.67 ($8.33).

BP Stock Up 0.3 %

The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The stock has a market capitalization of £66.13 billion, a P/E ratio of 1,224.85, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The stock's fifty day simple moving average is GBX 438.61 and its two-hundred day simple moving average is GBX 472.92.

BP Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be given a $0.08 dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.37%. This is an increase from BP's previous dividend of $0.07. BP's payout ratio is 6,969.70%.

Insider Transactions at BP

In related news, insider Murray Auchincloss sold 454,841 shares of the business's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.00), for a total transaction of £2,087,720.19 ($2,730,116.63). In other BP news, insider Murray Auchincloss sold 454,841 shares of the business's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.00), for a total transaction of £2,087,720.19 ($2,730,116.63). Also, insider Hina Nagarajan purchased 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were acquired at an average price of GBX 407 ($5.32) per share, with a total value of £20,350 ($26,611.74). In the last 90 days, insiders have bought 10,100 shares of company stock worth $4,223,284. Company insiders own 0.26% of the company's stock.

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.