BP (LON:BP) Receives Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of BP (LON:BP) in a report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts have also issued reports on BP. Berenberg Bank reiterated a hold rating and issued a GBX 510 ($6.83) target price on shares of BP in a research note on Monday, August 5th. Bank of America reissued a buy rating and issued a GBX 500 ($6.70) price target on shares of BP in a report on Wednesday, September 4th. Finally, Royal Bank of Canada reissued an outperform rating and issued a GBX 650 ($8.70) price target on shares of BP in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, BP has a consensus rating of Hold and an average price target of GBX 636.67 ($8.53).

BP Stock Performance

Shares of LON:BP opened at GBX 383.85 ($5.14) on Tuesday. The firm has a market capitalization of £61.26 billion, a PE ratio of 1,212.88, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The business has a 50-day moving average of GBX 430.87 and a two-hundred day moving average of GBX 469.64. BP has a 12 month low of GBX 389.77 ($5.22) and a 12 month high of GBX 562.30 ($7.53).

BP Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.08 per share. This represents a yield of 1.37%. The ex-dividend date was Thursday, August 8th. This is an increase from BP’s previous dividend of $0.07. BP’s dividend payout ratio (DPR) is currently 6,969.70%.

Insiders Place Their Bets

In related news, insider Murray Auchincloss sold 454,841 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of GBX 459 ($6.15), for a total value of £2,087,720.19 ($2,795,554.62). In related news, insider Hina Nagarajan purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of GBX 429 ($5.74) per share, with a total value of £21,450 ($28,722.55). Also, insider Murray Auchincloss sold 454,841 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.15), for a total value of £2,087,720.19 ($2,795,554.62). Insiders have bought a total of 10,100 shares of company stock valued at $4,223,284 in the last quarter. Insiders own 0.26% of the company’s stock.

BP Company Profile

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.