Vetr downgraded shares of BP (NYSE:BP) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning. The brokerage currently has $44.43 target price on the oil and gas exploration company’s stock.
A number of other analysts also recently issued reports on BP. Evercore ISI increased their target price on shares of BP from $43.00 to $48.00 and gave the stock an outperform rating in a research report on Wednesday, November 1st. Scotiabank restated a buy rating and issued a $39.00 price target on shares of BP in a report on Wednesday, November 1st. Zacks Investment Research upgraded BP from a hold rating to a buy rating and set a $46.00 price target for the company in a report on Tuesday, November 7th. TheStreet upgraded BP from a c rating to a b rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies restated a buy rating and issued a $51.00 price target on shares of BP in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. BP currently has a consensus rating of Hold and a consensus target price of $40.76.
Shares of BP (BP) opened at $38.86 on Monday. The stock has a market cap of $130,880.00, a P/E ratio of 30.12, a P/E/G ratio of 0.79 and a beta of 0.92. BP has a 1 year low of $33.10 and a 1 year high of $44.62. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Thursday, February 15th. BP’s dividend payout ratio (DPR) is currently 184.50%.
Institutional investors have recently added to or reduced their stakes in the company. Stonehearth Capital Management LLC purchased a new position in shares of BP during the 4th quarter valued at approximately $115,000. Itau Unibanco Holding S.A. boosted its stake in shares of BP by 121.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of BP during the 4th quarter valued at approximately $129,000. Truewealth LLC purchased a new position in shares of BP during the 4th quarter valued at approximately $138,000. Finally, Baystate Wealth Management LLC boosted its stake in shares of BP by 832.8% during the 4th quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock valued at $143,000 after buying an additional 2,948 shares during the last quarter. Institutional investors own 10.05% of the company’s stock.
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BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
To view Vetr’s full report, visit Vetr’s official website.
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