10 Stocks Targeted by Activist Investors Right Now

3. Bluebell Capital Partners at the BP p.l.c. (NYSE:BP)

Market Cap: $78.79 Billion

Bluebell Capital Partners’ Equity Stake: N/A

BP p.l.c. (NYSE:BP) is one of the top 10 stocks targeted by activist investors right now on the belief that the oil and gas company is undervalued. Bluebell Capital Partners has already launched an activist campaign against BP p.l.c. (NYSE:BP), insisting management take several steps to ensure it remains on its path to generating shareholder value.

The changes include the company slowing its commitment to reduce oil and gas production by 25% by 2030 to reduce carbon emissions. The activist investor is also challenging BP p.l.c. (NYSE:BP)’ s plan to focus on its transition businesses, including charging, renewables and hydrogen.

“primarily due to an ill-conceived strategy aimed at drastically shrinking BP’s core business (oil and gas), on the one hand, and rapidly promoting a risky diversification into sectors with lower targeted returns and where BP has ‘no right to win,” Bluebell Capital said in a statement.

According to the activist investor, BP p.l.c. (NYSE:BP)’ s push to diversify away from its core oil and gas business into renewables and other projects lowers returns on capital and reduces value generation for shareholders.