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

StockNews.com assumed coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a report issued on Friday morning. The brokerage issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Performance

Shares of NYSE:BPT opened at $0.56 on Friday. BP Prudhoe Bay Royalty Trust has a 52-week low of $0.40 and a 52-week high of $3.05. The business has a fifty day moving average of $0.57 and a two-hundred day moving average of $0.80.

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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

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.