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

Research analysts at StockNews.com started coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a research note issued on Thursday. The firm set a “sell” rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Trading Down 1.9 %

Shares of BPT opened at $0.56 on Thursday. The stock has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $0.85. BP Prudhoe Bay Royalty Trust has a 52-week low of $0.40 and a 52-week high of $3.20.

Institutional Investors Weigh In On BP Prudhoe Bay Royalty Trust

An institutional investor recently bought a new position 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 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned 2.01% of BP Prudhoe Bay Royalty Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.66% of the company’s stock.

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.