BP Prudhoe Bay Royalty Trust (NYSE:BPT) Trading Down 4.7% – Should You Sell?

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s stock price dropped 4.7% on Friday . The stock traded as low as $0.61 and last traded at $0.65. Approximately 670,543 shares changed hands during trading, an increase of 296% from the average daily volume of 169,160 shares. The stock had previously closed at $0.68.

BP Prudhoe Bay Royalty Trust Stock Performance

The stock’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $1.65.

Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust

A hedge fund recently bought a new stake in BP Prudhoe Bay Royalty Trust stock. RS Crum Inc. acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,001 shares of the oil and gas company’s stock, valued at approximately $50,000. RS Crum Inc. owned 0.09% of BP Prudhoe Bay Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.