IHT Wealth Management LLC Takes Position in BP Prudhoe Bay Royalty Trust (BPT)

IHT Wealth Management LLC acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 118 shares of the oil and gas company’s stock, valued at approximately $166,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in 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 purchasing an additional 3,684 shares during the last quarter. Advisor Group Inc. lifted its stake in 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 purchasing an additional 1,431 shares during the last quarter. California Public Employees Retirement System lifted its stake in 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 purchasing an additional 3,000 shares during the last quarter. Finally, Greylin Investment Mangement Inc. lifted its stake in 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 purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 2.07% of the company’s stock.

Separately, BidaskClub upgraded BP Prudhoe Bay Royalty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th.

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BP Prudhoe Bay Royalty Trust (NYSE BPT) traded up 0.68% during trading on Thursday, reaching $22.15. The company had a trading volume of 94,887 shares. The firm has a market capitalization of $473.99 million, a PE ratio of 6.41 and a beta of -0.46. The firm’s 50 day moving average price is $20.96 and its 200 day moving average price is $20.40. BP Prudhoe Bay Royalty Trust has a 12-month low of $15.00 and a 12-month high of $32.95.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 16th will be given a $0.6758 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date of this dividend is Friday, October 13th. BP Prudhoe Bay Royalty Trust’s dividend payout ratio (DPR) is presently 96.24%.

BP Prudhoe Bay Royalty Trust Company Profile

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.

Institutional Ownership by Quarter for BP Prudhoe Bay Royalty Trust (NYSE:BPT)

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