BP Prudhoe Bay Royalty Trust (NYSE:BPT) Stock Price Passes Above 200-Day Moving Average of $15.08

Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPTGet Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.08 and traded as high as $16.94. BP Prudhoe Bay Royalty Trust shares last traded at $15.94, with a volume of 396,673 shares traded.

Analysts Set New Price Targets

Separately, TheStreet raised shares of BP Prudhoe Bay Royalty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, May 10th.

BP Prudhoe Bay Royalty Trust Stock Down 3.3 %

The firm’s 50-day moving average price is $20.00 and its 200-day moving average price is $15.08.

BP Prudhoe Bay Royalty Trust (NYSE:BPTGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $12.80 million during the quarter.

BP Prudhoe Bay Royalty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Friday, July 15th were paid a dividend of $1.405 per share. This represents a $5.62 dividend on an annualized basis and a yield of 35.26%. This is an increase from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Thursday, July 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of BP Prudhoe Bay Royalty Trust by 239.0% in the 1st quarter. NewEdge Advisors LLC now owns 41,572 shares of the oil and gas company’s stock worth $622,000 after buying an additional 29,308 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of BP Prudhoe Bay Royalty Trust in the 1st quarter worth about $300,000. BNP Paribas Arbitrage SA bought a new position in shares of BP Prudhoe Bay Royalty Trust in the 1st quarter worth about $233,000. AE Wealth Management LLC bought a new position in shares of BP Prudhoe Bay Royalty Trust in the 2nd quarter worth about $395,000. Finally, Narwhal Capital Management bought a new position in shares of BP Prudhoe Bay Royalty Trust in the 2nd quarter worth about $397,000.

About BP Prudhoe Bay Royalty Trust

(Get Rating)

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds 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.

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