BP Prudhoe Bay Royalty Trust (NYSE:BPT) Shares Cross Above 200-Day Moving Average – Time to Sell?

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.62 and traded as high as $0.66. BP Prudhoe Bay Royalty Trust shares last traded at $0.65, with a volume of 63,850 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of BP Prudhoe Bay Royalty Trust in a research note on Thursday, May 22nd. They issued a “sell” rating for the company.

BP Prudhoe Bay Royalty Trust Stock Down 0.5%

The business has a 50 day moving average price of $0.59 and a two-hundred day moving average price of $0.62.

Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust

A hedge fund recently raised its stake in BP Prudhoe Bay Royalty Trust stock. XTX Topco Ltd lifted its position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 116.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 57,960 shares of the oil and gas company’s stock after purchasing an additional 31,139 shares during the period. XTX Topco Ltd owned about 0.27% of BP Prudhoe Bay Royalty Trust worth $32,000 as of its most recent SEC filing. 5.66% of the stock is owned by institutional investors.

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.