BP Prudhoe Bay Royalty Trust (NYSE:BPT) Cut to Hold at BidaskClub

BidaskClub lowered shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) from a buy rating to a hold rating in a research note published on Monday, July 24th.

Separately, TheStreet downgraded shares of BP Prudhoe Bay Royalty Trust from a c rating to a d+ rating in a research note on Wednesday, March 29th.

BP Prudhoe Bay Royalty Trust (NYSE BPT) opened at 19.30 on Monday. BP Prudhoe Bay Royalty Trust has a 52-week low of $15.00 and a 52-week high of $32.95. The firm’s 50-day moving average is $20.28 and its 200-day moving average is $21.09. The firm has a market capitalization of $413.00 million, a PE ratio of 5.58 and a beta of -0.53.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/08/19/bidaskclub-lowers-bp-prudhoe-bay-royalty-trust-nysebpt-to-hold-updated-updated-updated.html.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Sunday, July 16th were paid a $0.8329 dividend. This represents a $3.33 annualized dividend and a yield of 17.26%. The ex-dividend date was Wednesday, July 12th. BP Prudhoe Bay Royalty Trust’s payout ratio is 96.24%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in shares of BP Prudhoe Bay Royalty Trust by 7.9% in the second quarter. California Public Employees Retirement System now owns 41,000 shares of the oil and gas company’s stock valued at $886,000 after buying an additional 3,000 shares during the last quarter. Greylin Investment Mangement Inc. increased its position in shares of BP Prudhoe Bay Royalty Trust by 40.1% in the second quarter. Greylin Investment Mangement Inc. now owns 13,975 shares of the oil and gas company’s stock valued at $302,000 after buying an additional 4,000 shares during the last quarter. Advisor Group Inc. increased its position in shares of BP Prudhoe Bay Royalty Trust by 14.5% in the second quarter. Advisor Group Inc. now owns 11,276 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 1,431 shares during the last quarter. Royal Bank of Canada increased its position in shares of BP Prudhoe Bay Royalty Trust by 72.4% in the second quarter. Royal Bank of Canada now owns 8,770 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 3,684 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of BP Prudhoe Bay Royalty Trust during the second quarter valued at $166,000. 4.92% of the stock is owned by hedge funds and other institutional investors.

About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.

What are top analysts saying about BP Prudhoe Bay Royalty Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BP Prudhoe Bay Royalty Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit