Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.54 and traded as high as $2.58. BP Prudhoe Bay Royalty Trust shares last traded at $2.43, with a volume of 122,248 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of BP Prudhoe Bay Royalty Trust from a “hold” rating to a “sell” rating in a research report on Monday, March 18th.
Check Out Our Latest Research Report on BPT
BP Prudhoe Bay Royalty Trust Stock Down 3.6 %
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of BPT. Oppenheimer & Co. Inc. increased its position in shares of BP Prudhoe Bay Royalty Trust by 129.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 90,620 shares of the oil and gas company’s stock valued at $220,000 after purchasing an additional 51,087 shares during the last quarter. StoneX Group Inc. bought a new position in BP Prudhoe Bay Royalty Trust during the first quarter valued at about $92,000. Fidelity D & D Bancorp Inc. purchased a new stake in BP Prudhoe Bay Royalty Trust during the third quarter worth about $150,000. Narwhal Capital Management raised its position in BP Prudhoe Bay Royalty Trust by 49.8% in the fourth quarter. Narwhal Capital Management now owns 29,284 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 9,737 shares during the period. Finally, Welch Group LLC boosted its stake in BP Prudhoe Bay Royalty Trust by 27.2% in the fourth quarter. Welch Group LLC now owns 21,059 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors 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.
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