TheStreet Upgrades BP Prudhoe Bay Royalty Trust (BPT) to “Hold”
BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded down 0.23% during mid-day trading on Monday, hitting $21.30. The stock had a trading volume of 411,151 shares. BP Prudhoe Bay Royalty Trust has a 12-month low of $11.29 and a 12-month high of $45.60. The firm has a market cap of $455.80 million, a PE ratio of 7.48 and a beta of 0.06. The company has a 50-day moving average of $18.06 and a 200-day moving average of $16.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Sunday, October 16th will be given a $0.6793 dividend. This represents a $2.72 annualized dividend and a yield of 12.76%. The ex-dividend date is Wednesday, October 12th. BP Prudhoe Bay Royalty Trust’s dividend payout ratio (DPR) is presently 96.48%.
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About BP Prudhoe Bay Royalty Trust
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding 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 approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, 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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