3,770 Shares in BP Prudhoe Bay Royalty Trust (BPT) Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new position in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,770 shares of the oil and gas company’s stock, valued at approximately $113,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BPT. Bank of America Corp DE grew its holdings in shares of BP Prudhoe Bay Royalty Trust by 10.0% in 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 acquiring an additional 2,764 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth $277,000. Wedbush Securities Inc. bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth $217,000. Wellington Shields & Co. LLC bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth $245,000. Finally, Royal Bank of Canada grew its holdings in shares of BP Prudhoe Bay Royalty Trust by 800.8% in 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 acquiring an additional 69,199 shares during the period. Hedge funds and other institutional investors own 5.97% of the company’s stock.

NYSE:BPT opened at $34.05 on Wednesday. BP Prudhoe Bay Royalty Trust has a 52-week low of $18.65 and a 52-week high of $34.12. The stock has a market cap of $708.34 million, a price-to-earnings ratio of 8.27 and a beta of -0.66.

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

Separately, TheStreet raised BP Prudhoe Bay Royalty Trust from a “c+” rating to a “b” rating in a report on Friday, June 22nd.

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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