BP p.l.c. (LON:BP) Plans Dividend of $0.07

BP p.l.c. (LON:BP - Get Free Report) announced a dividend on Tuesday, May 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.07 per share by the oil and gas exploration company on Friday, June 28th. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, May 16th. The official announcement can be accessed at this link.

BP Stock Performance

Shares of LON BP traded down GBX 5.40 ($0.07) during midday trading on Tuesday, hitting GBX 510.40 ($6.41). The company's stock had a trading volume of 22,002,393 shares, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 73.78, a quick ratio of 0.62 and a current ratio of 1.21. BP has a 1-year low of GBX 441.05 ($5.54) and a 1-year high of GBX 562.30 ($7.06). The firm's fifty day moving average price is GBX 500.12 and its 200-day moving average price is GBX 483.81. The firm has a market cap of £85.65 billion, a P/E ratio of 750.59, a P/E/G ratio of 0.35 and a beta of 0.55.

Analyst Ratings Changes

BP has been the subject of a number of recent analyst reports. Bank of America reissued a "neutral" rating and issued a GBX 500 ($6.28) price objective on shares of BP in a report on Monday, April 22nd. AlphaValue downgraded shares of BP to a "reduce" rating in a report on Monday, February 12th. Berenberg Bank decreased their target price on shares of BP from GBX 525 ($6.60) to GBX 510 ($6.41) and set a "hold" rating for the company in a research report on Thursday, February 22nd. JPMorgan Chase & Co. restated an "underweight" rating on shares of BP in a research report on Tuesday, February 20th. Finally, Barclays reiterated an "overweight" rating and issued a GBX 1,000 ($12.56) price objective on shares of BP in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of GBX 628.57 ($7.90).

Insider Activity

In other news, insider Murray Auchincloss acquired 72 shares of BP stock in a transaction dated Wednesday, April 10th. The stock was acquired at an average cost of GBX 517 ($6.49) per share, for a total transaction of £372.24 ($467.64). In the last quarter, insiders have purchased 82 shares of company stock valued at $41,974. Insiders own 0.28% 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.