Shares of BP PLC (NYSE:BP) gapped up before the market opened on Monday . The stock had previously closed at $33.33, but opened at $33.66. BP PLC shares last traded at $34.50, with a volume of 6,916,600 shares.

A number of analysts have recently commented on the company. Vetr downgraded BP PLC from a “buy” rating to a “hold” rating and set a $33.58 price objective for the company. in a report on Wednesday, May 25th. Jefferies Group upped their price objective on BP PLC from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, July 11th. Morgan Stanley restated a “neutral” rating on shares of BP PLC in a report on Monday, June 13th. Collins Stewart restated a “buy” rating on shares of BP PLC in a report on Thursday, May 12th. Finally, Citigroup Inc. upgraded BP PLC from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.15 to $39.00 in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. BP PLC presently has a consensus rating of “Buy” and a consensus price target of $37.96.

The stock has a 50-day moving average price of $34.27 and a 200 day moving average price of $32.42. The firm’s market cap is $107.97 billion.

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 consensus estimate of $0.28 by $0.05. The company had revenue of $46.44 billion for the quarter, compared to analyst estimates of $50.22 billion. The company’s revenue was down 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities analysts expect that BP PLC will post $1.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 5th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Wednesday, August 3rd.

An institutional investor recently raised its position in BP PLC stock. BNP Paribas Arbitrage SA raised its stake in shares of BP PLC (NYSE:BP) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.