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BP Reports Earnings Beat, Declares Dividend as Brokerages Adjust Targets

BP logoBP
Sig1.35Sen+1.45Env0.00Soc0.00Gov0.00

Brokerages set an average 12-month target price of $46.3615 for BP, with TD Cowen raising its hold target to $41.00, Freedom Capital moving from strong sell to hold, and Argus lifting to buy with a $50.00 target. BP reported $2.22 EPS, topping consensus of $1.87, and the stock rose 0.8%. The company declared a quarterly dividend to be paid Sept. 18, with a 100.49% payout ratio.

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