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

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 Trading Down 1.2%

Shares of BP stock traded down $0.36 on Friday, hitting $29.76. The stock had a trading volume of 6,922,733 shares, compared to its average volume of 9,796,160. The stock's 50-day simple moving average is $30.21 and its two-hundred day simple moving average is $30.58. BP p.l.c. has a one year low of $25.22 and a one year high of $37.60. The stock has a market cap of $80.78 billion, a price-to-earnings ratio of 371.98, a PEG ratio of 1.12 and a beta of 0.51. 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 issued its quarterly earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.03). The company had revenue of $46.91 billion for the quarter, compared to the consensus estimate of $40.12 billion. BP had a net margin of 0.20% and a return on equity of 10.96%. BP's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, sell-side analysts predict that BP p.l.c. will post 3.53 EPS for the current year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Friday, May 16th. BP's payout ratio is currently -413.04%.

Hedge Funds Weigh In On BP

Several large investors have recently modified their holdings of BP. Bank of New York Mellon Corp increased its holdings in 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 worth $14,040,000 after purchasing an additional 110,019 shares during the period. SVB Wealth LLC acquired a new stake in BP during the 4th quarter worth approximately $588,000. ARK & TLK Investments LLC acquired a new stake in shares of BP in the 4th quarter valued at approximately $434,000. Avior Wealth Management LLC lifted its holdings in shares of 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 valued at $1,577,000 after buying an additional 24,252 shares during the period. Finally, Altrius Capital Management Inc increased 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 valued at $8,056,000 after purchasing an additional 38,751 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company's stock.

Wall Street Analyst Weigh In

BP has been the topic of a number of research analyst reports. Scotiabank lowered their price target on BP from $34.00 to $30.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered BP from an "equal weight" rating to an "underweight" rating and set a $26.50 target price for the company. in a research report on Monday. Raymond James increased their target price on BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. DZ Bank lowered BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, UBS Group lowered BP from a "buy" rating to a "neutral" rating in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, BP currently has a consensus rating of "Hold" and an average target price of $36.06.

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.