Recent Investment Analysts’ Ratings Updates for BP (BP)

BP (NYSE: BP) has recently received a number of price target changes and ratings updates:

• 1/14/2025 – BP had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada.
• 1/10/2025 – BP was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/7/2025 – BP had its price target lowered by analysts at Morgan Stanley from $34.70 to $31.80. They now have an “equal weight” rating on the stock.
• 12/27/2024 – BP was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/19/2024 – BP had its price target lowered by analysts at Piper Sandler from $36.00 to $32.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – BP had its price target lowered by analysts at Wells Fargo & Company from $33.00 to $31.00. They now have an “equal weight” rating on the stock.

BP Price Performance

Shares of BP stock traded down $0.07 during midday trading on Tuesday, hitting $31.15. 13,756,956 shares of the company traded hands, compared to its average volume of 10,769,027. BP p.l.c. has a 12 month low of $27.82 and a 12 month high of $40.40. The stock has a market cap of $83.23 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.13 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. The firm’s fifty day moving average price is $29.52 and its 200-day moving average price is $31.91.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. During the same period in the prior year, the company posted $1.15 EPS. The company’s revenue was down 11.3% on a year-over-year basis. As a group, sell-side analysts forecast that BP p.l.c. will post 3.55 earnings per share for the current year.

BP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 8th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend was Friday, November 8th. BP’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Winch Advisory Services LLC increased its holdings in BP by 18.7% during the 4th quarter. Winch Advisory Services LLC now owns 12,772 shares of the oil and gas exploration company’s stock worth $378,000 after purchasing an additional 2,011 shares in the last quarter. Atlas Brown Inc. raised its position in BP by 1.2% in the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock valued at $1,104,000 after buying an additional 437 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in BP by 77.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 8,073 shares of the oil and gas exploration company’s stock valued at $239,000 after acquiring an additional 3,524 shares in the last quarter. Bank & Trust Co grew its stake in shares of BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

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.