BP plc (BP) to Issue Dividend of $0.10 on March 29th

BP plc (LON:BP) announced a dividend on Tuesday, February 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, February 15th will be paid a dividend of $0.10 per share by the oil and gas exploration company on Thursday, March 29th. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, February 15th. The official announcement can be viewed at this link.

Shares of BP (LON:BP) traded down GBX 1.45 ($0.02) during midday trading on Wednesday, hitting GBX 474.50 ($6.56). The company had a trading volume of 15,168,281 shares, compared to its average volume of 31,230,000. The company has a market cap of $94,190.00 and a PE ratio of 3,954.17. BP has a 1-year low of GBX 436.95 ($6.04) and a 1-year high of GBX 536.20 ($7.41).

BP has been the subject of several recent research reports. Goldman Sachs Group set a GBX 610 ($8.43) price target on BP and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Macquarie reissued an “underperform” rating and issued a GBX 400 ($5.53) price target on shares of BP in a research note on Thursday, October 26th. Beaufort Securities reaffirmed a “buy” rating and set a GBX 560 ($7.74) target price on shares of BP in a research report on Tuesday, February 6th. Citigroup reaffirmed a “neutral” rating and set a GBX 510 ($7.05) target price on shares of BP in a research report on Wednesday, February 7th. Finally, Morgan Stanley cut BP to an “equal weight” rating and decreased their target price for the stock from GBX 645 ($8.91) to GBX 550 ($7.60) in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 550.79 ($7.61).

In related news, insider Brian Gilvary acquired 60 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was purchased at an average cost of GBX 528 ($7.29) per share, for a total transaction of £316.80 ($437.69). Insiders have acquired 188 shares of company stock valued at $93,289 over the last quarter.

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About BP

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.

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