Waverly Advisors 13F: Adds $1.2M to BP p.l.c. (BP) Stake

Waverly Advisors Grows Position in BP p.l.c.

Institutional investor Waverly Advisors increased its stake in BP p.l.c. NYSE:BP by picking up 33,171 additional shares during the period. The addition marked an 11.0% jump from its previous holding of 300,617 shares. According to a Form 13F filing submitted to the Securities and Exchange Commission, the firm held 333,788 shares at the close of the reporting window. Based on market prices around the filing, the total value of the investment reached about $12.3 million. This backward-looking report captures positions held as of May 15, 2026, and may not reflect the adviser's exact current exposure.

BP Stock Trades Below Key Moving Averages

Shares of BP recently changed hands at $36.95. The energy company has a 52-week low of $32.72 and a 52-week high of $48.27. The stock currently trades underneath its 50-day moving average of $43.43 and its 200-day moving average of $41.24. This lower valuation relative to recent history offers context for how institutional buyers manage their portfolio allocations over time.

Analysts Set New Price Targets

Research firms have kept a close eye on the energy major through late summer and early autumn. On October 5, 2026, Mizuho maintained an outperform rating with a $56 target, raised from $53. A few days earlier on October 1, 2026, Wells Fargo upgraded the stock to overweight and set a target of $57. TD Cowen maintained a hold rating on September 28, 2026, setting its target at $47. Earlier in September, HSBC upgraded the stock to buy on September 25, 2026, lifting its target to $51.30. JP Morgan also upgraded the stock to overweight on September 23, 2026. Evercore ISI Group reiterated a developing rating at $52 on September 16, 2026. Piper Sandler maintained a neutral rating at a $46 target on September 3, 2026, following an earlier check at a $43 target on August 7, 2026.

Inside BP Operations

Headquartered in London, United Kingdom, BP p.l.c. operates as an integrated energy company managing oil, gas, and low-carbon initiatives across global markets. The enterprise is involved in natural gas production, solar and wind power, hydrogen developments, EV charging networks, and aviation fuel distribution. These diverse operating segments allow the firm to balance traditional hydrocarbon extraction with newer alternative energy ventures.

What to Watch at BP p.l.c.

Investors will look toward the company's upcoming earnings release scheduled for October 30, 2026, to gauge operational progress. Future 13F filings will also reveal whether Waverly Advisors and other major market participants continue adding to or trimming their stakes in the energy sector.