Lazarus Energy Holdings, LLC, a reported significant holder of Blue Dolphin Energy Co. (NASDAQ: BDCO), increased its direct stake in the company with a block of purchases totaling 72,500 shares of common stock for aggregate consideration of $222,675. The trades occurred over a five-day window, from April 16 through April 20, 2026, with execution prices recorded between $2.80 and $3.25 per share.
Following these transactions, Lazarus Energy Holdings, LLC's direct ownership position in Blue Dolphin Energy Co. stands at 8,547,500 shares. The entity is identified in regulatory disclosures as a ten percent owner of Blue Dolphin Energy Co.
Jonathan Carroll, who holds the titles of President and Managing Member of Lazarus Energy Holdings, LLC, and serves as CEO and President of Blue Dolphin Energy Company, separately maintains direct ownership of 4,125,000 shares in Blue Dolphin Energy Company.
The stock's recent trading context noted in the filings shows Blue Dolphin nearing its 52-week high of $3.25. The company’s share price has advanced roughly 112% over the past six months, and the purchases were executed while the market price ranged from $2.80 to $3.25.
Valuation commentary included in the reporting cites InvestingPro analysis, which indicates the stock currently appears overvalued based on its Fair Value assessment. Blue Dolphin Energy Co. is reported to have a market capitalization of $49.84 million.
Clear, documentable facts from the filings:
- Transaction details: 72,500 shares acquired for $222,675, traded April 16-20, 2026, at $2.80 to $3.25 per share.
- Ownership changes: Lazarus Energy Holdings' direct stake increased to 8,547,500 shares; Lazarus is identified as a 10% owner.
- Insider holdings: Jonathan Carroll directly holds 4,125,000 shares and also serves as CEO and President of Blue Dolphin Energy Company.
- Market context: Stock near 52-week high of $3.25 after a 112% six-month gain; market cap reported at $49.84 million; InvestingPro flags the stock as appearing overvalued on a Fair Value basis.
The documented transactions and ownership figures appear in regulatory filings. The reporting does not offer projections or additional commentary beyond the facts summarized here.