BP Prudhoe Bay Royalty Trust (NYSE:BPT) Share Price Passes Above 200-Day Moving Average of $6.54

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.54 and traded as high as $7.59. BP Prudhoe Bay Royalty Trust shares last traded at $7.38, with a volume of 375,669 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of BP Prudhoe Bay Royalty Trust in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

BP Prudhoe Bay Royalty Trust Stock Up 4.4 %

The stock’s fifty day simple moving average is $6.36 and its 200-day simple moving average is $6.54.

Institutional Trading of BP Prudhoe Bay Royalty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BPT. Ameritas Advisory Services LLC acquired a new stake in BP Prudhoe Bay Royalty Trust in the first quarter worth $33,000. JPMorgan Chase & Co. grew its holdings in BP Prudhoe Bay Royalty Trust by 5,937.0% during the first quarter. JPMorgan Chase & Co. now owns 6,037 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 5,937 shares during the period. Tower Research Capital LLC TRC boosted its stake in BP Prudhoe Bay Royalty Trust by 4,547.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,296 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 7,139 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in BP Prudhoe Bay Royalty Trust in the 3rd quarter valued at approximately $64,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in BP Prudhoe Bay Royalty Trust during the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It 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.