Morgan Stanley lowered its stake in shares of Pacific Coast Oil Trust (NYSE:ROYT) by 15.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,291 shares of the oil and gas producer’s stock after selling 33,296 shares during the quarter. Morgan Stanley owned approximately 0.46% of Pacific Coast Oil Trust worth $392,000 at the end of the most recent reporting period.
Separately, Marshall Wace LLP bought a new stake in Pacific Coast Oil Trust during the first quarter valued at $47,000. 12.50% of the stock is owned by institutional investors and hedge funds.
NYSE:ROYT remained flat at $$1.08 on Tuesday. 6,886 shares of the company’s stock traded hands, compared to its average volume of 401,561. The firm has a market cap of $43.60 million, a PE ratio of 3.28 and a beta of 1.87. Pacific Coast Oil Trust has a 52-week low of $0.90 and a 52-week high of $2.37. The firm’s 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $1.97.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Pacific Coast Oil Trust from a “b-” rating to a “c” rating in a report on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Pacific Coast Oil Trust from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Wednesday, October 30th.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.
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