BP Prudhoe Bay Royalty Trust (NYSE:BPT) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Down 7.9 %

Shares of BPT stock opened at $8.08 on Thursday. The company has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $12.70. BP Prudhoe Bay Royalty Trust has a 52 week low of $7.57 and a 52 week high of $26.08.

Institutional Trading of BP Prudhoe Bay Royalty Trust

A number of institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $230,000. Cetera Advisor Networks LLC bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $291,000. GSA Capital Partners LLP bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $290,000. Cambridge Investment Research Advisors Inc. bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $137,000. Finally, Formidable Asset Management LLC bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $283,000. Institutional investors own 5.83% of the company’s stock.

BP Prudhoe Bay Royalty Trust Company Profile

(Get Rating)

BP Prudhoe Bay Royalty Trust engages in owning and administering the royalty interest. The company was founded on February 28, 1989 and is headquartered in Houston, TX.