Stock market today: S&P 500 rides Apple-led tech rally to close higher
Lazarus Energy Holdings, LLC, a ten percent owner of Blue Dolphin Energy Co (NASDAQ:BDCO), has recently purchased shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Lazarus Energy acquired a total of 13,544 shares between June 11 and June 12, 2025. The insider purchase comes as BDCO trades at $1.71, having declined over 64% in the past year. InvestingPro analysis indicates the stock is currently undervalued.
The purchases were executed in three separate transactions, with prices ranging from $1.34 to $1.35 per share, totaling $18,184. Following these transactions, Lazarus Energy Holdings, LLC directly owns 8,440,000 shares of Blue Dolphin Energy Co. With a market capitalization of $25.49 million and a price-to-book ratio of 0.72, the company faces some financial challenges, including significant debt levels. InvestingPro subscribers have access to 10 additional key insights about BDCO’s financial health and growth prospects.
In other recent news, Blue Dolphin Energy Company held its annual meeting of stockholders, where significant 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. These directors will serve until the next annual meeting or until their successors are duly qualified. Additionally, the selection of UHY LLP as the company’s independent public accounting firm for the fiscal year ending December 31, 2025, was ratified. This decision ensures that UHY LLP will continue to handle the company’s accounting audits. These developments reflect the company’s ongoing governance and oversight activities. Investors may find these updates relevant as part of Blue Dolphin Energy’s corporate governance strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.