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Lazarus Energy Holdings, a ten percent owner of BLUE DOLPHIN ENERGY CO (NASDAQ:BDCO), reported purchasing shares of common stock in multiple transactions. The purchases totaled $50,430, with prices ranging from $1.39 to $1.45 per share. The transactions come as BDCO, currently valued at $21.6 million, has seen its stock decline 69% over the past year. According to InvestingPro analysis, the stock appears slightly undervalued at current levels.
According to a Form 4 filing with the Securities and Exchange Commission, Lazarus Energy acquired a total of 34,000 shares of BLUE DOLPHIN ENERGY CO common stock. The transactions occurred on September 8, 2025, and September 10, 2025. Following these transactions, Lazarus Energy Holdings directly owns 8,475,000 shares of Blue Dolphin Energy Company. InvestingPro data reveals the company’s overall financial health score is rated as WEAK, with 8 additional key insights available to subscribers.
In other recent news, Blue Dolphin Energy Company conducted its annual meeting of stockholders, where significant corporate governance decisions were made. Shareholders elected five directors to the board, including Jonathan P. Carroll, Amitav Misra, Christopher T. Morris, Ryan A. Bailey, and Herbert N. Whitney. Additionally, the company ratified the selection of UHY LLP as its independent public accounting firm for the fiscal year ending December 31, 2025. These developments are part of Blue Dolphin Energy’s ongoing efforts to maintain effective oversight and transparency in its operations. The decisions made during the meeting reflect the company’s commitment to ensuring that its leadership and financial practices align with shareholder interests. The newly elected directors will serve until the next annual meeting or until their successors are duly qualified. This governance update is crucial for investors who prioritize stable and accountable management in the companies they invest in.
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