BP Prudhoe Bay Royalty Trust (NYSE:BPT) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.68 and traded as high as $0.69. BP Prudhoe Bay Royalty Trust shares last traded at $0.68, with a volume of 140,416 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of BP Prudhoe Bay Royalty Trust in a research report on Wednesday. They issued a “sell” rating on the stock.

BP Prudhoe Bay Royalty Trust Price Performance

The business’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.68.

Institutional Trading of BP Prudhoe Bay Royalty Trust

An institutional investor recently raised its position in BP Prudhoe Bay Royalty Trust stock. XTX Topco Ltd boosted its stake in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 116.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,960 shares of the oil and gas company’s stock after buying an additional 31,139 shares during the period. XTX Topco Ltd owned approximately 0.27% of BP Prudhoe Bay Royalty Trust worth $32,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.66% of the company’s stock.

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.