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BP p.l.c. (NYSE:BP) is included among the 11 Best FTSE Dividend Stocks to Buy Right Now.
BP p.l.c. (NYSE:BP) is a British multinational energy company known globally for its high-quality gasoline, transport fuels, chemicals, and its growing focus on alternative energy sources such as wind and biofuels.
On October 16, Jefferies increased its price target on BP p.l.c. (NYSE:BP) from 400 GBp to 420 GBp while maintaining a Hold rating on the stock, following the company’s Q3 trading update and ahead of its upcoming earnings report. The firm pointed out that BP has the “highest leverage in the sector,” adding that the company “could struggle to achieve leverage reduction in a weaker oil price environment.” Jefferies further commented that although media reports have suggested BP as a possible M&A target, the firm believes the company’s “valuation discount is wide enough.”
Earlier, on August 5, BP p.l.c. (NYSE:BP) declared a quarterly dividend of $0.0832 per share, or $0.4992 per ADS, representing a 4% increase from the previous dividend of $0.08 per share and $0.48 per ADS. The stock has a dividend yield of 5.53%, as of October 29.
While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Dividend Stocks Under $10 to Invest in and 10 Best Rising Dividend Stocks to Buy Now.
Disclosure: None.
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