Raymond James Financial Services Advisors Inc. trimmed its stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,905 shares of the oil and gas company’s stock after selling 1,212 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of BP Prudhoe Bay Royalty Trust worth $387,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. IHT Wealth Management LLC bought a new position in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth approximately $166,000. Advisor Group Inc. increased its position in shares of BP Prudhoe Bay Royalty Trust by 14.5% in the second quarter. Advisor Group Inc. now owns 11,276 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 1,431 shares during the last quarter. California Public Employees Retirement System increased its position in shares of BP Prudhoe Bay Royalty Trust by 7.9% in the second quarter. California Public Employees Retirement System now owns 41,000 shares of the oil and gas company’s stock worth $886,000 after purchasing an additional 3,000 shares during the last quarter. Royal Bank of Canada increased its position in shares of BP Prudhoe Bay Royalty Trust by 72.4% in the second quarter. Royal Bank of Canada now owns 8,770 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 3,684 shares during the last quarter. Finally, Greylin Investment Mangement Inc. increased its position in shares of BP Prudhoe Bay Royalty Trust by 40.1% in the second quarter. Greylin Investment Mangement Inc. now owns 13,975 shares of the oil and gas company’s stock worth $302,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 2.06% of the company’s stock.

BP Prudhoe Bay Royalty Trust (NYSE BPT) opened at $19.10 on Monday. The firm has a market cap of $408.74, a P/E ratio of 5.52 and a beta of -0.58. BP Prudhoe Bay Royalty Trust has a 52-week low of $15.00 and a 52-week high of $32.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Monday, October 16th were given a $0.6758 dividend. This represents a $2.70 annualized dividend and a dividend yield of 14.15%. The ex-dividend date was Friday, October 13th. BP Prudhoe Bay Royalty Trust’s dividend payout ratio (DPR) is 78.03%.

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Separately, BidaskClub cut shares of BP Prudhoe Bay Royalty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.

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Institutional Ownership by Quarter for BP Prudhoe Bay Royalty Trust (NYSE:BPT)

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