BP Prudhoe Bay Royalty Trust (NYSE:BPT) Research Coverage Started at StockNews.com

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

BP Prudhoe Bay Royalty Trust Price Performance

BPT stock opened at $0.56 on Thursday. BP Prudhoe Bay Royalty Trust has a 1 year low of $0.40 and a 1 year high of $3.20. The firm has a 50-day moving average of $0.57 and a 200 day moving average of $0.84.

Institutional Investors 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 position in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 about 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.