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 research note published on Saturday. The firm issued a sell rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Down 3.4 %

Shares of BP Prudhoe Bay Royalty Trust stock opened at $0.58 on Friday. BP Prudhoe Bay Royalty Trust has a 52 week low of $0.40 and a 52 week high of $3.20. The business’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $1.21.

Hedge Funds Weigh In On BP Prudhoe Bay Royalty Trust

An institutional investor recently raised its position in BP Prudhoe Bay Royalty Trust stock. Welch Group LLC increased its stake in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 60.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,759 shares of the oil and gas company’s stock after purchasing an additional 12,700 shares during the quarter. Welch Group LLC owned 0.16% of BP Prudhoe Bay Royalty Trust worth $35,000 at the end of the most recent quarter. Institutional investors own 5.66% of the company’s stock.

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.