BP Prudhoe Bay Royalty Trust (NYSE:BPT) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a research note issued on Sunday. The brokerage set a “sell” rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Performance

Shares of NYSE:BPT opened at $0.53 on Friday. The firm has a fifty day moving average price of $0.57 and a 200 day moving average price of $0.76. BP Prudhoe Bay Royalty Trust has a fifty-two week low of $0.40 and a fifty-two week high of $2.61.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BP Prudhoe Bay Royalty Trust stock. Ashton Thomas Private Wealth LLC purchased a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 2.01% of BP Prudhoe Bay Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 5.66% 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 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.