BP PLC (BP) Sees Strong Trading Volume
BP PLC (NYSE:BP) shares saw an uptick in trading volume on Friday . 4,762,772 shares were traded during trading, a decline of 7% from the previous session’s volume of 5,094,963 shares.The stock last traded at $34.58 and had previously closed at $33.66.
Several brokerages recently commented on BP. Credit Agricole SA reaffirmed a “buy” rating on shares of BP PLC in a research note on Tuesday, August 16th. Vetr downgraded BP PLC from a “strong-buy” rating to a “buy” rating and set a $37.66 price target on the stock. in a research note on Friday, August 12th. Citigroup Inc. reissued a “buy” rating on shares of BP PLC in a research note on Wednesday, July 27th. JPMorgan Chase & Co. reissued a “buy” rating on shares of BP PLC in a research note on Thursday, July 21st. Finally, Jefferies Group lifted their price target on BP PLC from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, July 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.35.
The stock’s market capitalization is $107.97 billion. The stock has a 50 day moving average price of $34.27 and a 200 day moving average price of $32.42.
BP PLC (NYSE:BP) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.05. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm had revenue of $46.44 billion for the quarter, compared to the consensus estimate of $50.22 billion. BP PLC’s quarterly revenue was down 25.7% on a year-over-year basis. On average, equities analysts expect that BP PLC will post $1.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 5th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.90%.
An institutional investor recently raised its position in BP PLC stock. BNP Paribas Arbitrage SA increased its position in BP PLC (NYSE:BP) by 62.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 113,549 shares of the oil and gas exploration company’s stock after buying an additional 43,843 shares during the period. BNP Paribas Arbitrage SA’s holdings in BP PLC were worth $3,550,000 at the end of the most recent quarter.
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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