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 report published on Tuesday morning. The brokerage issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Up 2.7 %

Shares of BP Prudhoe Bay Royalty Trust stock opened at $0.56 on Tuesday. The stock’s fifty day simple moving average is $0.56 and its 200 day simple moving average is $0.70. BP Prudhoe Bay Royalty Trust has a 12 month low of $0.40 and a 12 month high of $2.61.

Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust

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) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned approximately 2.01% of BP Prudhoe Bay Royalty Trust as of its most recent filing with the Securities and Exchange Commission (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.