Investors Purchase Large Volume of Put Options on BP Prudhoe Bay Royalty Trust (BPT)

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was the target of unusually large options trading on Wednesday. Stock investors purchased 17,615 put options on the company. This is an increase of 8,018% compared to the average daily volume of 217 put options.

Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC purchased a new position in shares of BP Prudhoe Bay Royalty Trust during the 2nd quarter worth approximately $166,000. Royal Bank of Canada raised its stake in shares of BP Prudhoe Bay Royalty Trust by 72.4% during the 2nd quarter. Royal Bank of Canada now owns 8,770 shares of the oil and gas company’s stock worth $189,000 after buying an additional 3,684 shares in the last quarter. Advisor Group Inc. raised its stake in shares of BP Prudhoe Bay Royalty Trust by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 11,276 shares of the oil and gas company’s stock worth $244,000 after buying an additional 1,431 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of BP Prudhoe Bay Royalty Trust during the 3rd quarter worth approximately $516,000. Finally, Wells Fargo & Company MN raised its stake in shares of BP Prudhoe Bay Royalty Trust by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 30,695 shares of the oil and gas company’s stock worth $689,000 after buying an additional 3,330 shares in the last quarter. 3.43% of the stock is owned by institutional investors and hedge funds.

BP Prudhoe Bay Royalty Trust (BPT) opened at $21.45 on Friday. The stock has a market capitalization of $459.03, a P/E ratio of 5.94 and a beta of -0.56. BP Prudhoe Bay Royalty Trust has a one year low of $15.00 and a one year high of $32.95.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter. BP Prudhoe Bay Royalty Trust had a return on equity of 11,059.93% and a net margin of 98.57%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Friday, January 19th will be paid a dividend of $1.23 per share. This represents a $4.92 dividend on an annualized basis and a dividend yield of 22.94%. This is an increase from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, January 18th. BP Prudhoe Bay Royalty Trust’s dividend payout ratio is 74.79%.

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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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