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

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

BP Prudhoe Bay Royalty Trust Price Performance

BPT opened at $0.59 on Tuesday. The stock’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.69. BP Prudhoe Bay Royalty Trust has a 52-week low of $0.40 and a 52-week high of $2.61.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BP Prudhoe Bay Royalty Trust stock. XTX Topco Ltd lifted its stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 116.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,960 shares of the oil and gas company’s stock after acquiring an additional 31,139 shares during the quarter. XTX Topco Ltd owned 0.27% of BP Prudhoe Bay Royalty Trust worth $32,000 as of its most recent filing with the Securities & Exchange Commission. 5.66% of the stock is owned by hedge funds and other institutional investors.

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.