BP PLC (BP) Sees Large Volume Increase
Shares of BP PLC (NYSE:BP) saw unusually-strong trading volume on Friday . Approximately 4,762,772 shares traded hands during mid-day 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.
A number of research firms have recently commented on BP. Vetr raised shares of BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Monday, June 27th. Credit Suisse Group AG raised shares of BP PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BP PLC in a report on Thursday, July 21st. Collins Stewart reaffirmed a “buy” rating on shares of BP PLC in a report on Thursday, June 30th. Finally, Credit Agricole SA reaffirmed a “buy” rating on shares of BP PLC in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. BP PLC has an average rating of “Buy” and a consensus target price of $37.35.
The company has a 50 day moving average of $34.28 and a 200 day moving average of $32.43. The firm’s market capitalization is $107.97 billion.
BP PLC (NYSE:BP) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.05. During the same quarter in the previous year, the business earned $0.07 EPS. The company had revenue of $46.44 billion for the quarter, compared to analyst estimates of $50.22 billion. The business’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, equities analysts expect that BP PLC will post $1.13 earnings per share for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $2.38 annualized dividend and a dividend yield of 6.90%.
An institutional investor recently raised its position in BP PLC stock. Dimensional Fund Advisors LP raised its stake in shares of BP PLC (NYSE:BP) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,178,170 shares of the oil and gas exploration company’s stock after buying an additional 672,881 shares during the period. BP PLC makes up 0.4% of Dimensional Fund Advisors LP’s holdings, making the stock its 18th largest position. Dimensional Fund Advisors LP owned about 0.69% of BP PLC worth $662,030,000 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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