Tullow Oil plc (TLW) to Issue Dividend of $0.05

Tullow Oil plc (LON:TLW) declared a dividend on Wednesday, February 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.05 per share on Friday, May 10th. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 4th. The official announcement can be accessed at this link.

Shares of TLW stock traded down GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 242 ($3.16). The company’s stock had a trading volume of 5,559,172 shares, compared to its average volume of 9,450,000. Tullow Oil has a 12-month low of GBX 163.30 ($2.13) and a 12-month high of GBX 279.30 ($3.65). The company has a market cap of $3.39 billion and a PE ratio of 41.02. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 160.08.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Tullow Oil from GBX 292 ($3.82) to GBX 288 ($3.76) and set an “overweight” rating on the stock in a research note on Wednesday. Barclays reaffirmed an “overweight” rating on shares of Tullow Oil in a research note on Tuesday, April 16th. Canaccord Genuity dropped their price target on shares of Tullow Oil from GBX 290 ($3.79) to GBX 275 ($3.59) and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Jefferies Financial Group decreased their price objective on shares of Tullow Oil from GBX 250 ($3.27) to GBX 245 ($3.20) and set a “hold” rating for the company in a report on Tuesday, April 9th. Finally, UBS Group reissued a “neutral” rating and set a GBX 220 ($2.87) price objective (up from GBX 200 ($2.61)) on shares of Tullow Oil in a report on Monday, February 18th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Tullow Oil currently has a consensus rating of “Buy” and an average target price of GBX 258.63 ($3.38).

In related news, insider Les Wood sold 75,414 shares of Tullow Oil stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of GBX 221 ($2.89), for a total value of £166,664.94 ($217,777.26). Also, insider Angus McCoss sold 8,690 shares of Tullow Oil stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of GBX 230 ($3.01), for a total transaction of £19,987 ($26,116.56).

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Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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