BP Prudhoe Bay Royalty Trust Sees Unusually High Options Volume (BPT)

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw unusually large options trading on Tuesday. Traders bought 1,357 put options on the company. This is an increase of 658% compared to the typical daily volume of 179 put options.

NYSE BPT opened at $23.60 on Thursday. BP Prudhoe Bay Royalty Trust has a 12 month low of $18.55 and a 12 month high of $27.95. The company has a market capitalization of $502.90, a P/E ratio of 6.53 and a beta of -0.72.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, April 16th will be issued a $1.2748 dividend. The ex-dividend date of this dividend is Friday, April 13th. This is a boost from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $1.23. This represents a $5.10 dividend on an annualized basis and a yield of 21.61%.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in BP Prudhoe Bay Royalty Trust in the 4th quarter worth approximately $329,000. Raymond James Financial Services Advisors Inc. increased its stake in BP Prudhoe Bay Royalty Trust by 15.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,926 shares of the oil and gas company’s stock worth $421,000 after acquiring an additional 2,850 shares during the last quarter. Wells Fargo & Company MN increased its stake in BP Prudhoe Bay Royalty Trust by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 30,695 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 3,330 shares during the last quarter. Two Sigma Advisers LP increased its stake in BP Prudhoe Bay Royalty Trust by 236.0% in the 4th quarter. Two Sigma Advisers LP now owns 43,995 shares of the oil and gas company’s stock worth $884,000 after acquiring an additional 30,900 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in BP Prudhoe Bay Royalty Trust in the 4th quarter worth approximately $1,094,000. 4.76% of the stock is currently owned by institutional investors.

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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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