BP p.l.c. (BP) To Go Ex-Dividend on August 14th

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.5196 per share by the oil and gas exploration company on Friday, September 18th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, August 14th. This is a 4.1% increase from BP’s previous quarterly dividend of $0.50.

BP has raised its dividend by an average of 0.0%per year over the last three years. BP has a payout ratio of 66.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BP to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 48.4%.

BP Stock Down 2.9%

NYSE:BP opened at $41.19 on Thursday. BP has a 1-year low of $32.72 and a 1-year high of $48.27. The company has a market capitalization of $107.89 billion, a PE ratio of 20.09, a P/E/G ratio of 0.71 and a beta of 0.16. The firm’s 50-day moving average price is $41.07 and its 200-day moving average price is $41.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.22 and a quick ratio of 0.87.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas exploration company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. BP had a net margin of 2.49% and a return on equity of 16.64%. The business had revenue of $69.11 billion for the quarter, compared to analysts’ expectations of $57.89 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business’s revenue was up 106.1% compared to the same quarter last year. On average, equities analysts predict that BP will post 5.76 EPS for the current fiscal year.

Institutional Investors Weigh In On BP

Institutional investors have recently modified their holdings of the business. Financial Life Planners purchased a new position in BP in the 1st quarter worth about $39,000. Triumph Capital Management purchased a new stake in shares of BP during the 3rd quarter valued at about $43,000. LRI Investments LLC grew its stake in shares of BP by 76.2% in the fourth quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock worth $44,000 after acquiring an additional 552 shares during the period. WFA of San Diego LLC purchased a new position in shares of BP during the second quarter valued at approximately $46,000. Finally, Ameriflex Group Inc. lifted its position in BP by 39.1% during the fourth quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 508 shares during the period. 11.01% of the stock is owned by hedge funds and other institutional investors.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.