Brokerages Set BP p.l.c. (NYSE:BP) PT at $35.28

Shares of BP p.l.c. (NYSE:BP - Get Free Report) have received a consensus rating of "Hold" from the twenty-two research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, two have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $35.28.

A number of analysts have recently issued reports on BP shares. Wall Street Zen cut BP from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Jefferies Financial Group set a $29.00 target price on BP and gave the company a "hold" rating in a report on Monday, May 19th. TD Cowen cut BP from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a research note on Wednesday, March 19th. UBS Group cut shares of BP from a "buy" rating to a "neutral" rating in a research report on Thursday, April 10th. Finally, Piper Sandler reduced their price target on shares of BP from $35.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BP. Sunbelt Securities Inc. increased its stake in shares of BP by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 11,839 shares of the oil and gas exploration company's stock valued at $344,000 after buying an additional 380 shares during the period. Parallel Advisors LLC lifted its stake in shares of BP by 1.3% in the first quarter. Parallel Advisors LLC now owns 31,943 shares of the oil and gas exploration company's stock worth $1,079,000 after buying an additional 397 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of BP by 4.9% in the 1st quarter. NBT Bank N A NY now owns 8,558 shares of the oil and gas exploration company's stock worth $289,000 after purchasing an additional 399 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in BP by 6.0% during the 1st quarter. Great Lakes Advisors LLC now owns 8,022 shares of the oil and gas exploration company's stock valued at $271,000 after acquiring an additional 451 shares during the period. Finally, Bank & Trust Co grew its position in BP by 24.9% in the 1st quarter. Bank & Trust Co now owns 2,648 shares of the oil and gas exploration company's stock worth $89,000 after purchasing an additional 528 shares during the period. 11.01% of the stock is currently owned by institutional investors.

BP Stock Up 0.3%

BP stock traded up $0.09 during trading on Friday, reaching $29.18. The stock had a trading volume of 6,737,831 shares, compared to its average volume of 9,804,899. The stock has a market cap of $79.22 billion, a PE ratio of 364.80, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. BP has a 52-week low of $25.22 and a 52-week high of $37.58. The business has a 50 day moving average price of $29.64 and a 200 day moving average price of $30.58.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). The firm had revenue of $46.91 billion for the quarter, compared to analyst estimates of $40.12 billion. BP had a return on equity of 10.96% and a net margin of 0.20%. The company's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. On average, analysts predict that BP will post 3.53 EPS for the current year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 6.58%. The ex-dividend date is Friday, May 16th. BP's dividend payout ratio is presently -413.04%.

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.