Equities researchers at StockNews.com assumed coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT – Get Free Report) in a report issued on Thursday. The brokerage set a “sell” rating on the oil and gas company’s stock.
BP Prudhoe Bay Royalty Trust Price Performance
Shares of NYSE:BPT opened at $0.57 on Thursday. The company’s 50-day moving average is $0.57 and its 200 day moving average is $0.86. BP Prudhoe Bay Royalty Trust has a fifty-two week low of $0.40 and a fifty-two week high of $3.20.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in BP Prudhoe Bay Royalty Trust stock. Ashton Thomas Private Wealth LLC purchased a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned 2.01% of BP Prudhoe Bay Royalty Trust at the end of the most recent reporting period. 5.66% of the stock is owned by institutional investors and hedge funds.
BP Prudhoe Bay Royalty Trust Company Profile
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.
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