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 Wednesday. The firm set a “sell” rating on the oil and gas company’s stock.
BP Prudhoe Bay Royalty Trust Trading Up 0.5 %
NYSE:BPT opened at $0.59 on Wednesday. The firm’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.89. BP Prudhoe Bay Royalty Trust has a one year low of $0.40 and a one year 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 position in BP Prudhoe Bay Royalty Trust (NYSE:BPT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 5.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
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