BP Prudhoe Bay Royalty Trust Sees Unusually High Options Volume (NYSE:BPT)

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw unusually large options trading activity on Friday. Traders bought 367 call options on the stock. This is an increase of 286% compared to the average daily volume of 95 call options.

Shares of BP Prudhoe Bay Royalty Trust (NYSE BPT) opened at $20.65 on Wednesday. BP Prudhoe Bay Royalty Trust has a 52-week low of $15.00 and a 52-week high of $32.95. The company has a market cap of $445.12, a PE ratio of 5.78 and a beta of -0.56.

Institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. purchased a new position in BP Prudhoe Bay Royalty Trust in the third quarter valued at about $516,000. Advisor Group Inc. boosted 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 acquiring an additional 1,431 shares during the last quarter. Royal Bank of Canada boosted 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 acquiring an additional 3,684 shares during the last quarter. IHT Wealth Management LLC purchased a new position in BP Prudhoe Bay Royalty Trust in the second quarter valued at about $166,000. Finally, California Public Employees Retirement System boosted 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 acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 3.43% of the company’s stock.

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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.

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