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Barchart
Barchart
Mark R. Hake, CFA

BP Plc Is Attracting Value Buyers with its 5.69% Dividend Yield and 10x P/E

British Petroleum BP PLC Oil Seeking Alpha

BP Plc (BP), the integrated energy (oil and gas) company, has an attractive 5.68% dividend yield and a low 10x price/earnings (P/E) multiple. These are attractive value metrics for value investors, including short-sellers of out-of-the-money (OTM) put options.

BP ADRs (American Depository Receipts) are at $33.74 in midday trading on Monday, March 31, well off their recent high of $35.31 on Feb. 18. BP could be worth more using its historical dividend yield metrics, as well as from analysts' price targets.

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