BP p.l.c. (LON:BP) Insider Sells £2,087,720.19 in Stock

BP p.l.c. (LON:BP) insider Murray Auchincloss sold 454,841 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($5.90), for a total value of £2,087,720.19 ($2,685,516.07).

BP Price Performance

BP opened at GBX 444.80 ($5.72) on Friday. The company has a debt-to-equity ratio of 75.43, a current ratio of 1.23 and a quick ratio of 0.62. The firm has a market capitalization of £74.37 billion, a PE ratio of 1,034.42, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54. The business’s 50-day moving average is GBX 466.62 and its two-hundred day moving average is GBX 480.82. BP p.l.c. has a 1 year low of GBX 441.05 ($5.67) and a 1 year high of GBX 562.30 ($7.23).

BP Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be issued a $0.08 dividend. This represents a yield of 1.37%. The ex-dividend date is Thursday, August 8th. This is an increase from BP’s previous dividend of $0.07. BP’s dividend payout ratio (DPR) is currently 5,348.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Berenberg Bank restated a “hold” rating and set a GBX 510 ($6.56) price target on shares of BP in a research note on Tuesday, July 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 550 ($7.07) price target on shares of BP in a research note on Wednesday. Barclays reiterated an “overweight” rating and issued a GBX 1,000 ($12.86) target price on shares of BP in a research note on Monday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 650 ($8.36) target price on shares of BP in a research note on Tuesday, June 18th. Finally, Bank of America reiterated a “neutral” rating and issued a GBX 500 ($6.43) target price on shares of BP in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 632.14 ($8.13).

About BP

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.