Is it time to buy into BP?

BP's better than expected results lifted shares in the oil major today, but investors and analysts remain divided about whether to overweight the stock.

While shares are up 3.6% today, having risen 15.55p today to 453.65p, analysts are debating whether it is time to pile in or hold off. Shares in the group have climbed from a low of 304p seen last June to trade around 437p at the start of the week. Analysts at Collins Stewart have kept the stock as a 'hold' recommendation. The group said: "We agree these announcements are a reinforcement that, in BP's words, it has reached a turning point for operations and production. "However, we think it important to see it in context. While the increase in disposals guidance (from $30bn) is a c...