BP Prudhoe Bay Royalty Trust (NYSE:BPT) Shares Pass Above Two Hundred Day Moving Average of $2.54

BP Prudhoe Bay Royalty Trust (NYSE:BPT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.54 and traded as high as $2.58. BP Prudhoe Bay Royalty Trust shares last traded at $2.43, with a volume of 122,248 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered BP Prudhoe Bay Royalty Trust from a “hold” rating to a “sell” rating in a report on Monday, March 18th.

BP Prudhoe Bay Royalty Trust Stock Down 3.6 %

The firm’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.54.

Institutional Trading of BP Prudhoe Bay Royalty Trust

Several large investors have recently made changes to their positions in BPT. Oppenheimer & Co. Inc. lifted its stake in BP Prudhoe Bay Royalty Trust by 129.2% during the first quarter. Oppenheimer & Co. Inc. now owns 90,620 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 51,087 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of BP Prudhoe Bay Royalty Trust during the 1st quarter worth $92,000. Narwhal Capital Management boosted its stake in BP Prudhoe Bay Royalty Trust by 49.8% in the fourth quarter. Narwhal Capital Management now owns 29,284 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 9,737 shares in the last quarter. Welch Group LLC grew its position in BP Prudhoe Bay Royalty Trust by 27.2% in the fourth quarter. Welch Group LLC now owns 21,059 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. acquired a new position in BP Prudhoe Bay Royalty Trust during the third quarter worth about $150,000. Institutional investors and hedge funds 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.