BP Prudhoe Bay Royalty Trust (NYSE:BPT) Share Price Crosses Above 200-Day Moving Average of $2.54

Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) 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.

Wall Street Analyst Weigh In

Separately, StockNews.com cut BP Prudhoe Bay Royalty Trust from a “hold” rating to a “sell” rating in a report on Monday, March 18th.

BP Prudhoe Bay Royalty Trust Stock Performance

The company has a 50 day moving average price of $2.34 and a 200 day moving average price of $2.54.

Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its stake 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 worth $220,000 after buying an additional 51,087 shares during the last quarter. StoneX Group Inc. acquired a new stake in BP Prudhoe Bay Royalty Trust during the first quarter worth approximately $92,000. Narwhal Capital Management boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 49.8% during 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. Welch Group LLC grew its position in shares of 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 purchasing an additional 4,500 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. bought a new position in shares of BP Prudhoe Bay Royalty Trust during the third quarter worth approximately $150,000. 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.