Rep. Bruce Westerman Buys BP p.l.c. (NYSE:BP) Stock

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 Performance

Shares of NYSE BP traded down $0.23 during midday trading on Monday, hitting $28.09. 8,117,806 shares of the company's stock were exchanged, compared to its average volume of 9,536,945. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.97. BP p.l.c. has a twelve month low of $25.22 and a twelve month high of $39.73. The stock's 50 day moving average price is $31.90 and its 200-day moving average price is $30.93. The firm has a market cap of $76.26 billion, a P/E ratio of 351.17, a PEG ratio of 1.12 and a beta of 0.41.

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

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 6.84%. BP's dividend payout ratio is presently 2,375.00%.

Analyst Ratings Changes

BP has been the topic of several research reports. TD Securities reiterated a "hold" rating and issued a $36.00 price target (down from $40.00) on shares of BP in a research report on Wednesday, March 19th. Scotiabank reduced their price objective on BP from $34.00 to $30.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lifted their price target on BP from $30.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. TD Cowen lowered BP from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a report on Wednesday, March 19th. Finally, Wolfe Research set a $50.00 price objective on shares of BP in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, BP has a consensus rating of "Hold" and a consensus price target of $36.73.

Hedge Funds Weigh In On BP

Several large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in BP by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company's stock worth $27,810,000 after buying an additional 38,759 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company's stock worth $19,526,000 after buying an additional 14,436 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 worth $14,040,000 after acquiring an additional 110,019 shares during the period. Kornitzer Capital Management Inc. KS raised its position in BP by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company's stock worth $13,753,000 after purchasing an additional 10,262 shares in the last quarter. Finally, Altrius Capital Management Inc raised its holdings in shares of 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 buying an additional 38,751 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

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.