BP Prudhoe Bay Royalty Trust (NYSE:BPT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a report issued on Thursday morning. The firm issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Performance

NYSE BPT opened at $0.58 on Thursday. BP Prudhoe Bay Royalty Trust has a 52 week low of $0.40 and a 52 week high of $3.20. The business has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.85.

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 stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 quarter. 5.66% of the stock is currently owned by institutional investors and hedge funds.

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.