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Insider Buying: BP (LON:BP) Insider Buys 23,600 Shares of Stock

BP logo with Energy background

Key Points

  • Insider Amanda Blanc purchased 23,600 shares of BP stock at an average price of GBX 426, amounting to a total investment of £100,536 on September 19th.
  • BP's current stock price is GBX 420.55, down GBX 5.05 during trading on Monday, with a market capitalization of £81.85 billion.
  • Recent analyst ratings show a mix of opinions, with Berenberg Bank upgrading BP to a "buy" rating and setting a target price increase from GBX 385 to GBX 500.
  • MarketBeat previews the top five stocks to own by October 1st.

BP p.l.c. (LON:BP - Get Free Report) insider Amanda Blanc purchased 23,600 shares of the stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of GBX 426 per share, for a total transaction of £100,536.

BP Stock Performance

Shares of LON BP traded down GBX 5.05 during midday trading on Monday, hitting GBX 420.55. The company's stock had a trading volume of 53,589,647 shares, compared to its average volume of 8,560,774. The stock has a fifty day moving average price of GBX 416.16 and a 200 day moving average price of GBX 392.31. BP p.l.c. has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The firm has a market capitalization of £81.85 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 0.35 and a beta of 0.49.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BP shares. Jefferies Financial Group reissued a "hold" rating and issued a GBX 390 price target on shares of BP in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of BP from GBX 420 to GBX 440 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 470 price objective on shares of BP in a research note on Friday, August 29th. Finally, Berenberg Bank raised shares of BP from a "hold" rating to a "buy" rating and upped their price objective for the company from GBX 385 to GBX 500 in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, BP presently has a consensus rating of "Hold" and a consensus target price of GBX 450.

Read Our Latest Stock Report on BP

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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