Joseph P. Lucia & Associates LLC Takes $25,000 Position in BP Prudhoe Bay Royalty Trust (NYSE:BPT)

Joseph P. Lucia & Associates LLC acquired a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,645 shares of the oil and gas company’s stock, valued at approximately $25,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. U S Global Investors Inc. purchased a new position in shares of BP Prudhoe Bay Royalty Trust in the 1st quarter valued at about $40,000. Deutsche Bank AG purchased a new position in shares of BP Prudhoe Bay Royalty Trust in the 4th quarter valued at about $1,542,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 12.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,395 shares of the oil and gas company’s stock valued at $516,000 after buying an additional 2,212 shares during the period. Advisory Services Network LLC boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 11.9% in the 1st quarter. Advisory Services Network LLC now owns 7,284 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 772 shares during the period. Finally, Alps Advisors Inc. boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 7.6% in the 1st quarter. Alps Advisors Inc. now owns 15,386 shares of the oil and gas company’s stock valued at $409,000 after buying an additional 1,082 shares during the period. Institutional investors and hedge funds own 4.33% of the company’s stock.

Separately, TheStreet upgraded Telefonaktiebolaget LM Ericsson from a “c” rating to a “b” rating in a research note on Monday, July 8th.

BPT stock traded up $0.83 during trading on Wednesday, hitting $10.18. 438,740 shares of the company’s stock were exchanged, compared to its average volume of 395,550. The firm’s 50-day moving average price is $14.34. The firm has a market capitalization of $194.31 million, a PE ratio of 1.79 and a beta of -0.10. BP Prudhoe Bay Royalty Trust has a 52-week low of $7.55 and a 52-week high of $37.23.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last posted its earnings results on Friday, May 10th. The oil and gas company reported $1.00 earnings per share for the quarter. The firm had revenue of $21.76 million during the quarter. BP Prudhoe Bay Royalty Trust had a return on equity of 15,192.85% and a net margin of 98.92%.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Tuesday, July 16th were paid a dividend of $0.551 per share. This represents a $2.20 annualized dividend and a yield of 21.65%. The ex-dividend date of this dividend was Monday, July 15th.

BP Prudhoe Bay Royalty Trust Profile

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.

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

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