In this article, we discuss 5 undervalued dividend stocks to buy in 2022. You can see some more undervalued dividend stocks by clicking 10 Undervalued Dividend Stocks to Buy in 2022.
5. BP p.l.c. (NYSE:BP)
Dividend Yield as of April 1: 4.36%
P/E Ratio as of April 1: 13.47
Number of Hedge Fund Holders: 26
BP p.l.c. (NYSE:BP) is a London-based energy company that operates worldwide via four main segments – Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft.
On February 10, BP p.l.c. (NYSE:BP) declared a $0.3276 per share quarterly dividend, in line with previous. The dividend was paid on March 25, to shareholders of record on February 18. The company’s dividend yield as of April 1 came in at 4.36%.
BP p.l.c. (NYSE:BP) posted its fourth quarter results on February 8. The company announced earnings per share of $1.23, beating estimates by $0.09. Revenue over the period jumped 12.87% year-over-year to $50.55 billion, exceeding analysts’ expectations by $26.07 billion.
Deutsche Bank analyst James Hubbard maintained a Buy recommendation on BP p.l.c. (NYSE:BP) but lowered the price target to 450 GBp from 455 GBp on March 23.
According to the Q4 database of Insider Monkey, 26 hedge funds placed long calls on BP p.l.c. (NYSE:BP), compared to 29 funds in the earlier quarter. The total stakes owned in Q4 amounted to $1.2 billion. Fisher Asset Management is the biggest shareholder of the company, with 13.7 million shares worth over $367 million.