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 Trading Up 2.3 %

NYSE BP opened at $28.30 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $31.90 and a 200 day simple moving average of $30.95. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $39.73. The firm has a market capitalization of $76.83 billion, a P/E ratio of 353.78, a PEG ratio of 1.12 and a beta of 0.41.

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

BP Announces Dividend

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

Wall Street Analyst Weigh In

BP has been the topic of a number of research analyst reports. TD Cowen downgraded BP from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Wednesday, March 19th. Morgan Stanley reduced their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Raymond James raised their price objective on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.73.

Institutional Investors Weigh In On BP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in 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 in the last quarter. SVB Wealth LLC purchased a new position in BP in the fourth quarter worth $588,000. ARK & TLK Investments LLC bought a new position in BP in the fourth quarter valued at $434,000. Avior Wealth Management LLC raised its position 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 in the last quarter. Finally, Altrius Capital Management Inc boosted 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 purchasing an additional 38,751 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors.

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.