BP Prudhoe Bay Royalty Trust (NYSE:BPT) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a research report issued on Friday. The brokerage set a “sell” rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Up 1.3 %

NYSE BPT opened at $0.56 on Friday. BP Prudhoe Bay Royalty Trust has a 1-year low of $0.40 and a 1-year high of $3.05. The firm’s fifty day simple moving average is $0.57 and its 200-day simple moving average is $0.81.

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. Ashton Thomas Private Wealth LLC bought a new position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned approximately 2.01% of BP Prudhoe Bay Royalty Trust as of its most recent SEC filing. Institutional investors 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.