BP Prudhoe Bay Royalty Trust (NYSE:BPT) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.62 and traded as high as $0.66. BP Prudhoe Bay Royalty Trust shares last traded at $0.65, with a volume of 63,850 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of BP Prudhoe Bay Royalty Trust in a research note on Thursday, May 22nd. They issued a “sell” rating on the stock.

BP Prudhoe Bay Royalty Trust Price Performance

The firm has a 50-day simple moving average of $0.59 and a 200 day simple moving average of $0.62.

Institutional Investors Weigh In On BP Prudhoe Bay Royalty Trust

An institutional investor recently raised its position in BP Prudhoe Bay Royalty Trust stock. XTX Topco Ltd increased its stake in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 116.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 57,960 shares of the oil and gas company’s stock after acquiring an additional 31,139 shares during the period. XTX Topco Ltd owned approximately 0.27% of BP Prudhoe Bay Royalty Trust worth $32,000 at the end of the most recent reporting period. 5.66% of the stock is currently owned by institutional investors.

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.