Regal Investment Advisors LLC purchased a new position in shares of Pacific Coast Oil Trust (NYSE:ROYT) during the first quarter, Holdings Channel reports. The firm purchased 14,300 shares of the oil and gas producer’s stock, valued at approximately $31,000.
Separately, Renaissance Technologies LLC increased its stake in shares of Pacific Coast Oil Trust by 179.4% in the third quarter. Renaissance Technologies LLC now owns 240,300 shares of the oil and gas producer’s stock worth $656,000 after purchasing an additional 154,300 shares in the last quarter. 13.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ROYT opened at $2.15 on Monday. The firm has a market capitalization of $82.95 million, a PE ratio of 6.52 and a beta of 2.27. Pacific Coast Oil Trust has a 1 year low of $1.48 and a 1 year high of $2.95.
Separately, Zacks Investment Research cut shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th.
Pacific Coast Oil Trust Profile
Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.
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