AE Wealth Management LLC Purchases Shares of 19,290 BP Prudhoe Bay Royalty Trust (NYSE:BPT)

AE Wealth Management LLC purchased a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPTGet Rating) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,290 shares of the oil and gas company’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Narwhal Capital Management acquired a new position in BP Prudhoe Bay Royalty Trust in the second quarter valued at about $397,000. StoneX Group Inc. bought a new position in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth about $472,000. Wedbush Securities Inc. raised its stake in shares of BP Prudhoe Bay Royalty Trust by 32.1% in the second quarter. Wedbush Securities Inc. now owns 55,352 shares of the oil and gas company’s stock worth $1,133,000 after acquiring an additional 13,443 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth about $55,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of BP Prudhoe Bay Royalty Trust in the first quarter worth about $233,000.

BP Prudhoe Bay Royalty Trust Stock Up 4.5 %

Shares of NYSE BPT opened at $14.95 on Monday. BP Prudhoe Bay Royalty Trust has a 1-year low of $3.41 and a 1-year high of $26.08. The company has a 50-day moving average of $14.12 and a two-hundred day moving average of $16.54.

BP Prudhoe Bay Royalty Trust (NYSE:BPTGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The oil and gas company reported $1.09 earnings per share for the quarter. The business had revenue of $23.81 million during the quarter. BP Prudhoe Bay Royalty Trust had a net margin of 91.13% and a return on equity of 923.28%.

BP Prudhoe Bay Royalty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 19th. Investors of record on Monday, October 17th were paid a dividend of $0.7031 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 18.81%. The ex-dividend date of this dividend was Friday, October 14th.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of BP Prudhoe Bay Royalty Trust in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

BP Prudhoe Bay Royalty Trust Company Profile

(Get Rating)

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds 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.

See Also

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Institutional Ownership by Quarter for BP Prudhoe Bay Royalty Trust (NYSE:BPT)

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