Analysts at StockNews.com started 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 Stock Performance
Shares of BPT opened at $0.60 on Wednesday. The company’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 12-month low of $0.40 and a 12-month high of $3.20.
Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust
An institutional investor recently bought a new position in BP Prudhoe Bay Royalty Trust stock. Ashton Thomas Private Wealth LLC acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned about 2.01% of BP Prudhoe Bay Royalty Trust at the end of the most recent reporting period. 5.66% of the stock is owned by hedge funds and other institutional investors.
BP Prudhoe Bay Royalty Trust Company 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.
Recommended Stories
- Five stocks we like better than BP Prudhoe Bay Royalty Trust
- 10 Best Airline Stocks to Buy
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- Investing in Travel Stocks Benefits
- 3 Must-Own Stocks to Build Wealth This Decade
- Business Services Stocks Investing
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for BP Prudhoe Bay Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP Prudhoe Bay Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.