Insider Buying: BP p.l.c. (LON:BP) Insider Purchases 87 Shares of Stock

BP p.l.c. (LON:BP) insider Murray Auchincloss purchased 87 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of GBX 433 ($5.44) per share, with a total value of £376.71 ($473.43).

Murray Auchincloss also recently made the following trade(s):

• On Friday, January 10th, Murray Auchincloss purchased 88 shares of BP stock. The stock was bought at an average cost of GBX 423 ($5.32) per share, with a total value of £372.24 ($467.81).
• On Tuesday, December 10th, Murray Auchincloss purchased 95 shares of BP stock. The stock was bought at an average cost of GBX 394 ($4.95) per share, with a total value of £374.30 ($470.40).

BP Stock Up 1.4 %

BP stock opened at GBX 468.75 ($5.89) on Friday. BP p.l.c. has a fifty-two week low of GBX 379.70 ($4.77) and a fifty-two week high of GBX 562.30 ($7.07). The stock has a market cap of £91.23 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The firm’s 50-day simple moving average is GBX 408.73 and its 200 day simple moving average is GBX 408.25. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BP shares. Berenberg Bank reduced their price objective on shares of BP from GBX 470 ($5.91) to GBX 440 ($5.53) and set a “hold” rating for the company in a report on Friday, November 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 540 ($6.79) price objective on shares of BP in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BP from GBX 425 ($5.34) to GBX 440 ($5.53) and gave the company an “underweight” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 595 ($7.48).

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.