Aker BP Falls on Profit Taking Despite Strong Earnings, Higher Dividend

• (PLX AI) - Aker BP shares fell 2.5% despite earnings that topped estimates and a surprise hike in the dividend, as traders took profits after shares gained some 50% in the last 5 weeks.
• • Q3 EBIT of USD 849 million came ahead of estimates of USD 825 million as record revenue was driven by high oil & gas prices
• • Dividend unexpectedly increased to USD 0.42 from USD 0.31 per share, which is a major positive, Carnegie said
• • There are more dividend hikes to come, Carnegie forecast
• • However, the positive revisions implemented following the trading update may have been on the aggressive side, SEB said