Rep. Bruce Westerman Purchases Shares of BP p.l.c. (NYSE:BP)

Representative Bruce Westerman (R-Arkansas) recently bought shares of BP p.l.c. NYSE: BP. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in BP stock on March 21st. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 3/20/2025.

BP Stock Down 1.6 %

Shares of NYSE:BP traded down $0.45 during trading on Wednesday, hitting $28.42. The stock had a trading volume of 7,029,801 shares, compared to its average volume of 12,430,093. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $39.73. The company has a market capitalization of $77.16 billion, a PE ratio of 355.29, a PEG ratio of 1.12 and a beta of 0.41. The firm's fifty day moving average is $31.66 and its 200 day moving average is $30.89. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. Analysts anticipate that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.76%. The ex-dividend date was Friday, February 21st. BP's dividend payout ratio is currently 2,375.00%.

Institutional Trading of BP

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of BP by 30.1% during the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock valued at $14,040,000 after purchasing an additional 110,019 shares during the last quarter. SVB Wealth LLC purchased a new stake in BP in the 4th quarter worth approximately $588,000. ARK & TLK Investments LLC purchased a new stake in BP in the 4th quarter worth approximately $434,000. Avior Wealth Management LLC increased its holdings in BP by 83.3% in the 4th quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company's stock worth $1,577,000 after acquiring an additional 24,252 shares in the last quarter. Finally, Altrius Capital Management Inc boosted its stake in BP by 16.6% in the 4th quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock worth $8,056,000 after purchasing an additional 38,751 shares during the period. Hedge funds and other institutional investors own 11.01% of the company's stock.

Analyst Ratings Changes

BP has been the topic of several recent research reports. StockNews.com downgraded BP from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. TD Cowen downgraded BP from a "buy" rating to a "hold" rating and set a $40.00 price target on the stock. in a research note on Wednesday, March 19th. TD Securities restated a "hold" rating and issued a $36.00 price target (down previously from $40.00) on shares of BP in a research note on Wednesday, March 19th. JPMorgan Chase & Co. upgraded BP from an "underweight" rating to a "neutral" rating in a research note on Thursday, February 20th. Finally, Raymond James upped their price target on BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.73.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.