5 Biggest Stocks Targeted By Activist Investors Right Now

4. BP plc (NYSE:BP)

Market Cap: $102.72 billion

When it comes to oil & gas companies, we often see ESG-focused investors pushing for production cuts and more focus on environment. However, sometimes activists can target energy companies for what we might believe to be the wrong reasons. London-based hedge fund Bluebell has recently acquired a stake in BP plc (NYSE:BP). According to reports, Bluebell has been pushing the energy company to increase production of oil & gas and cut its commitments towards clean energy. The investor believes that BP plc (NYSE:BP)’s plans to cut production by 25% by 2030 harms shareholder value.

At the end of 2023, there were 40 funds in our database bullish on BP plc (NYSE:BP), including Fisher Asset Management and Two Sigma Advisors, which hold 841,211 shares and 761,900 shares, respectively.