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
NYSE BP opened at $28.30 on Friday. BP p.l.c. has a 1 year low of $25.22 and a 1 year high of $39.73. The firm has a market capitalization of $76.83 billion, a price-to-earnings ratio of 353.78, a P/E/G ratio of 1.12 and a beta of 0.41. 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 firm’s 50 day simple moving average is $32.03 and its 200 day simple moving average is $30.98.
BP Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend was Friday, February 21st. BP’s payout ratio is presently 2,375.00%.
Hedge Funds Weigh In On BP
A number of hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in shares of BP in the 4th quarter worth about $33,000. Missouri Trust & Investment Co grew its stake in BP by 400.0% during the first quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 800 shares during the period. Asset Planning Inc bought a new stake in BP in the fourth quarter worth approximately $40,000. Bank & Trust Co boosted its holdings in shares of BP by 404.8% during the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 1,700 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of BP by 41.0% during the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock worth $66,000 after buying an additional 646 shares during the period. Institutional investors own 11.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BP. Piper Sandler decreased their price target on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Morgan Stanley decreased their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Scotiabank cut their price objective on BP from $34.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. TD Cowen cut 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, UBS Group cut BP from a “buy” rating to a “neutral” rating in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, sixteen have assigned 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, BP presently has a consensus rating of “Hold” and an average target price of $36.73.
Check Out Our Latest Stock Analysis on BP
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.
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