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

Representative Bruce Westerman (R-Arkansas) recently sold shares of BP p.l.c. NYSE: BP. In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in BP stock on April 21st. The trade occurred in the Representative's "FISHER IRA" account.

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

• Sold $1,001 - $15,000 in shares of UniCredit OTCMKTS: UNCRY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Siemens Aktiengesellschaft OTCMKTS: SIEGY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 4/21/2025.
• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 4/21/2025.

BP Price Performance

BP traded down $0.49 during trading on Monday, hitting $29.27. The company's stock had a trading volume of 3,122,948 shares, compared to its average volume of 9,784,701. The business's fifty day simple moving average is $30.16 and its 200 day simple moving average is $30.60. BP p.l.c. has a twelve month low of $25.22 and a twelve month high of $37.60. The firm has a market capitalization of $79.47 billion, a price-to-earnings ratio of 366.36, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). The business had revenue of $46.91 billion during the quarter, compared to analysts' expectations of $40.12 billion. BP had a net margin of 0.20% and a return on equity of 10.96%. BP's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, equities research analysts forecast that BP p.l.c. will post 3.53 EPS for the current fiscal year.

BP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.92 annualized dividend and a yield of 6.56%. BP's dividend payout ratio is presently -413.04%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of BP by 30.1% in the fourth 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 buying an additional 110,019 shares during the last quarter. SVB Wealth LLC acquired a new position in BP in the 4th quarter valued at $588,000. ARK & TLK Investments LLC acquired a new stake in shares of BP during the fourth quarter worth $434,000. Avior Wealth Management LLC increased its stake in BP by 83.3% in the fourth quarter. Avior Wealth Management LLC now owns 53,360 shares of the oil and gas exploration company's stock valued at $1,577,000 after purchasing an additional 24,252 shares during the last quarter. Finally, Altrius Capital Management Inc lifted its position in BP by 16.6% during the fourth quarter. Altrius Capital Management Inc now owns 272,527 shares of the oil and gas exploration company's stock worth $8,056,000 after buying an additional 38,751 shares during the period. Institutional investors and hedge funds own 11.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on BP shares. Piper Sandler cut their price objective on shares of BP from $35.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. UBS Group cut BP from a "buy" rating to a "neutral" rating in a research note on Thursday, April 10th. TD Cowen cut shares of BP from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research note on Wednesday, March 19th. Wells Fargo & Company raised their price objective on shares of BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut BP from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $35.28.

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.

BP Company Profile

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.