BP Prudhoe Bay Royalty Trust (BPT) Holdings Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 4,419.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,936 shares of the oil and gas company’s stock after purchasing an additional 10,694 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in BP Prudhoe Bay Royalty Trust were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 800.8% during the first quarter. Royal Bank of Canada now owns 77,840 shares of the oil and gas company’s stock worth $1,860,000 after purchasing an additional 69,199 shares during the period. California Public Employees Retirement System boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 30.3% during the first quarter. California Public Employees Retirement System now owns 54,954 shares of the oil and gas company’s stock worth $1,313,000 after purchasing an additional 12,765 shares during the period. Bank of America Corp DE boosted its holdings in shares of BP Prudhoe Bay Royalty Trust by 10.0% during the second quarter. Bank of America Corp DE now owns 30,532 shares of the oil and gas company’s stock worth $913,000 after purchasing an additional 2,764 shares during the period. Millennium Management LLC acquired a new stake in shares of BP Prudhoe Bay Royalty Trust during the second quarter worth approximately $899,000. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of BP Prudhoe Bay Royalty Trust during the third quarter worth approximately $789,000. Institutional investors own 6.02% of the company’s stock.

BPT stock opened at $31.10 on Friday. The company has a market cap of $670.25 million, a P/E ratio of 7.83 and a beta of -0.68. BP Prudhoe Bay Royalty Trust has a 52 week low of $19.09 and a 52 week high of $37.23.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last posted its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $1.27 EPS for the quarter. The business had revenue of $27.61 million during the quarter. BP Prudhoe Bay Royalty Trust had a net margin of 98.63% and a return on equity of 12,398.12%.

The business also recently declared a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Tuesday, October 16th were issued a dividend of $1.3801 per share. This represents a $5.52 annualized dividend and a dividend yield of 17.75%. The ex-dividend date of this dividend was Monday, October 15th.

BP Prudhoe Bay Royalty Trust Company 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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