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 3rd. 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.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) 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.

BP Price Performance

BP traded up $0.64 during trading on Friday, hitting $28.30. The company’s stock had a trading volume of 8,918,893 shares, compared to its average volume of 9,545,012. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $32.03 and its two-hundred day moving average price is $30.98. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $39.73. The stock has a market capitalization of $76.83 billion, a price-to-earnings ratio of 353.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.41.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share 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%. Sell-side analysts forecast that BP p.l.c. will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend was Friday, February 21st. BP’s dividend payout ratio is 2,375.00%.

Hedge Funds Weigh In On BP

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of BP by 30.1% in 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 buying an additional 110,019 shares during the period. SVB Wealth LLC acquired a new stake in shares of BP during the fourth quarter worth $588,000. ARK & TLK Investments LLC purchased a new stake in shares of BP during the 4th quarter worth about $434,000. Avior Wealth Management LLC grew its holdings in BP by 83.3% during 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 increased 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 acquiring an additional 38,751 shares during the period. 11.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler lowered their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Morgan Stanley lowered their price target on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. UBS Group cut shares of BP from a “buy” rating to a “neutral” rating in a research note on Thursday, April 10th. TD Securities restated a “hold” rating and issued a $36.00 price objective (down from $40.00) on shares of BP in a research note on Wednesday, March 19th. Finally, Wolfe Research set a $50.00 target price on BP in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.

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.