BP Prudhoe Bay Royalty Trust (NYSE:BPT) Stake Decreased by Advisor Group Inc.

Advisor Group Inc. trimmed its holdings in shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,384 shares of the oil and gas company’s stock after selling 4,978 shares during the period. Advisor Group Inc. owned 0.06% of BP Prudhoe Bay Royalty Trust worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in BPT. Morgan Stanley raised its stake in BP Prudhoe Bay Royalty Trust by 128.1% during the 3rd quarter. Morgan Stanley now owns 154,971 shares of the oil and gas company’s stock valued at $5,340,000 after acquiring an additional 87,045 shares during the last quarter. Curbstone Financial Management Corp increased its position in BP Prudhoe Bay Royalty Trust by 134.3% during the 4th quarter. Curbstone Financial Management Corp now owns 29,430 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 16,870 shares during the period. Formidable Asset Management LLC acquired a new position in BP Prudhoe Bay Royalty Trust during the 4th quarter worth approximately $308,000. Virtu Financial LLC acquired a new position in BP Prudhoe Bay Royalty Trust during the 3rd quarter worth approximately $223,000. Finally, PNC Financial Services Group Inc. increased its position in BP Prudhoe Bay Royalty Trust by 215.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,347 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 6,380 shares during the period. 4.06% of the stock is owned by institutional investors.

NYSE BPT traded down $0.96 on Monday, hitting $20.54. 396,024 shares of the company’s stock were exchanged, compared to its average volume of 344,606. The stock has a market capitalization of $441.72 million, a price-to-earnings ratio of 3.79 and a beta of 0.02. BP Prudhoe Bay Royalty Trust has a fifty-two week low of $17.00 and a fifty-two week high of $37.23.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Tuesday, April 16th will be issued a $0.3449 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Monday, April 15th.

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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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