BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s share price shot up 1.1% on Tuesday . The stock traded as high as $9.20 and last traded at $9.16, 624,571 shares traded hands during trading. An increase of 68% from the average session volume of 372,569 shares. The stock had previously closed at $9.06.
The stock’s fifty day moving average price is $6.98 and its 200-day moving average price is $8.97. The company has a market capitalization of $184.04 million, a P/E ratio of 2.62 and a beta of -0.21.
BP Prudhoe Bay Royalty Trust (NYSE:BPT) last posted its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported $0.55 earnings per share for the quarter. BP Prudhoe Bay Royalty Trust had a return on equity of 8,970.12% and a net margin of 98.37%. The firm had revenue of $12.16 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, January 17th will be paid a $0.424 dividend. The ex-dividend date is Thursday, January 16th. This is an increase from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.34. This represents a $1.70 annualized dividend and a dividend yield of 18.47%.
Several large investors have recently made changes to their positions in BPT. Marshall Wace North America L.P. acquired a new stake in BP Prudhoe Bay Royalty Trust during the first quarter worth approximately $37,000. Commonwealth Equity Services LLC raised its holdings in BP Prudhoe Bay Royalty Trust by 11.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,462 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 1,928 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at $37,000. Wells Fargo & Company MN raised its holdings in BP Prudhoe Bay Royalty Trust by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 35,704 shares of the oil and gas company’s stock valued at $552,000 after acquiring an additional 2,732 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of BP Prudhoe Bay Royalty Trust during the 2nd quarter valued at $79,000. Hedge funds and other institutional investors own 4.04% of the company’s stock.
About BP Prudhoe Bay Royalty Trust (NYSE:BPT)
BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals 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.