Vetr upgraded shares of BP (NYSE:BP) from a buy rating to a strong-buy rating in a research note issued to investors on Monday, February 19th. The firm currently has $44.43 price target on the oil and gas exploration company’s stock.
Other equities analysts have also issued research reports about the company. TheStreet lowered BP from a b rating to a c+ rating in a research note on Tuesday, February 13th. Cowen reaffirmed a hold rating and issued a $39.00 price target on shares of BP in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a buy rating and issued a $51.00 price target on shares of BP in a research report on Wednesday, January 24th. Societe Generale upgraded BP from a hold rating to a buy rating in a report on Monday, February 12th. Finally, Zacks Investment Research upgraded BP from a hold rating to a strong-buy rating and set a $50.00 price objective on the stock in a report on Monday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. BP currently has a consensus rating of Hold and an average price target of $40.26.
Shares of BP (NYSE BP) traded down $0.68 during trading on Monday, hitting $38.87. The stock had a trading volume of 6,302,612 shares, compared to its average volume of 6,710,000. BP has a twelve month low of $33.28 and a twelve month high of $44.62. The firm has a market cap of $129,030.00, a price-to-earnings ratio of 30.13, a PEG ratio of 0.79 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.
BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The business had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. During the same period last year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. research analysts expect that BP will post 2.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s dividend payout ratio is currently 184.50%.
Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in shares of BP by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock worth $258,345,000 after purchasing an additional 61,668 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of BP by 17.3% during the fourth quarter. Acadian Asset Management LLC now owns 6,444,903 shares of the oil and gas exploration company’s stock worth $270,881,000 after purchasing an additional 950,489 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake in shares of BP by 0.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 6,386,885 shares of the oil and gas exploration company’s stock worth $268,441,000 after purchasing an additional 32,693 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of BP by 119.2% during the fourth quarter. Renaissance Technologies LLC now owns 5,801,144 shares of the oil and gas exploration company’s stock worth $243,822,000 after purchasing an additional 3,155,200 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of BP by 15.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,727,733 shares of the oil and gas exploration company’s stock worth $197,908,000 after acquiring an additional 641,751 shares in the last quarter. 10.19% of the stock is owned by hedge funds and other institutional investors.
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BP Company Profile
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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