BP Prudhoe Bay Royalty Trust (NYSE:BPT) Shares Down 4.7% – Time to Sell?

BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded down 4.7% during trading on Friday . The stock traded as low as $0.61 and last traded at $0.65. 670,543 shares were traded during trading, an increase of 296% from the average session volume of 169,160 shares. The stock had previously closed at $0.68.

BP Prudhoe Bay Royalty Trust Stock Down 4.7 %

The firm’s fifty day moving average price is $1.12 and its 200 day moving average price is $1.65.

Institutional Investors Weigh In On BP Prudhoe Bay Royalty Trust

A hedge fund recently bought a new stake in BP Prudhoe Bay Royalty Trust stock. RS Crum Inc. acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,001 shares of the oil and gas company’s stock, valued at approximately $50,000. RS Crum Inc. owned 0.09% of BP Prudhoe Bay Royalty Trust as of its most recent SEC filing. Institutional investors and hedge funds own 5.66% of the company’s stock.

About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.