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

StockNews.com started coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a research report sent to investors on Friday. The brokerage issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Trading Up 1.3 %

NYSE:BPT opened at $0.56 on Friday. BP Prudhoe Bay Royalty Trust has a 12 month low of $0.40 and a 12 month high of $3.15. The firm has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.81.

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 position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the 4th quarter, according to the company in its most recent filing with the SEC. 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 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.

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.