Ashton Thomas Private Wealth LLC Takes $234,000 Position in BP Prudhoe Bay Royalty Trust (NYSE:BPT)

Ashton Thomas Private Wealth LLC acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the fourth quarter, Holdings Channel.com reports. The fund acquired 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000.

BP Prudhoe Bay Royalty Trust Stock Up 4.4 %

Shares of NYSE BPT opened at $0.58 on Wednesday. BP Prudhoe Bay Royalty Trust has a twelve month low of $0.40 and a twelve month high of $3.20. The stock has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on BP Prudhoe Bay Royalty Trust in a research note on Saturday, January 25th. They issued a “sell” rating for the company.

BP Prudhoe Bay Royalty Trust 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.