TheStreet lowered shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) from a b- rating to a c+ rating in a research note published on Monday morning, TheStreetRatingsTable reports.

Shares of NYSE:BPT opened at $16.00 on Monday. The company’s 50-day moving average is $16.65. BP Prudhoe Bay Royalty Trust has a 12-month low of $14.43 and a 12-month high of $37.23. The company has a market capitalization of $350.95 million, a PE ratio of 2.97 and a beta of -0.10.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last announced its quarterly earnings data on Friday, May 10th. The oil and gas company reported $1.00 earnings per share (EPS) for 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 had revenue of $21.76 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Tuesday, July 16th will be paid a dividend of $0.551 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.78%.

Several large investors have recently made changes to their positions in the company. Two Sigma Advisers LP grew its stake in shares of BP Prudhoe Bay Royalty Trust by 13.9% in the fourth quarter. Two Sigma Advisers LP now owns 88,700 shares of the oil and gas company’s stock worth $1,919,000 after purchasing an additional 10,805 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the fourth quarter worth about $1,542,000. Curbstone Financial Management Corp grew its stake in shares of BP Prudhoe Bay Royalty Trust by 2.4% in the second quarter. Curbstone Financial Management Corp now owns 30,140 shares of the oil and gas company’s stock worth $466,000 after purchasing an additional 710 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of BP Prudhoe Bay Royalty Trust by 12.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,395 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of BP Prudhoe Bay Royalty Trust by 7.6% in the first quarter. Alps Advisors Inc. now owns 15,386 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 1,082 shares during the last quarter. 4.31% of the stock is currently owned by hedge funds and other institutional investors.

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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