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

StockNews.com started coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a research note issued to investors on Wednesday. The firm issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Trading Down 0.2 %

BP Prudhoe Bay Royalty Trust stock opened at $0.59 on Wednesday. BP Prudhoe Bay Royalty Trust has a 52-week low of $0.40 and a 52-week high of $3.20. The company’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.89.

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 shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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. 5.66% of the stock is owned by institutional investors and hedge funds.

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.