BP p.l.c. (LON:BP) Declares Dividend of $0.08

BP p.l.c. (LON:BP - Get Free Report) declared a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.08 per share by the oil and gas exploration company on Friday, December 20th. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be seen at this link.

BP Stock Performance

BP stock traded down GBX 5.80 ($0.08) during trading hours on Tuesday, reaching GBX 399.10 ($5.18). 32,273,829 shares of the company were exchanged, compared to its average volume of 8,560,774. BP has a 12 month low of GBX 379.70 ($4.92) and a 12 month high of GBX 562.30 ($7.29). The firm has a market cap of £63.26 billion, a price-to-earnings ratio of 1,209.39, a PEG ratio of 0.35 and a beta of 0.49. 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 50-day moving average of GBX 410.95 and a 200 day moving average of GBX 454.17.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America restated a "buy" rating and set a GBX 500 ($6.48) price target on shares of BP in a report on Wednesday, September 4th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of BP in a research report on Tuesday, September 24th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 510 ($6.61) target price on shares of BP in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, BP presently has a consensus rating of "Hold" and an average price target of GBX 632 ($8.20).

Insider Activity at BP

In related news, insider Hina Nagarajan purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of GBX 407 ($5.28) per share, with a total value of £20,350 ($26,390.87). In other news, insider Hina Nagarajan acquired 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of GBX 407 ($5.28) per share, with a total value of £20,350 ($26,390.87). Also, insider Murray Auchincloss acquired 87 shares of the company's stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of GBX 434 ($5.63) per share, with a total value of £377.58 ($489.66). Insiders have acquired a total of 10,100 shares of company stock valued at $4,223,044 over the last quarter. 0.26% of the stock is owned by company insiders.

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.