Investors Purchase Large Volume of BP Prudhoe Bay Royalty Trust Put Options (BPT)

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw unusually large options trading activity on Wednesday. Traders bought 17,615 put options on the stock. This is an increase of 8,018% compared to the average daily volume of 217 put options.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in BP Prudhoe Bay Royalty Trust during the second quarter worth $166,000. Advisor Group Inc. boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 14.5% during the second quarter. Advisor Group Inc. now owns 11,276 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 1,431 shares during the period. California Public Employees Retirement System boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 7.9% during the second quarter. California Public Employees Retirement System now owns 41,000 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 3,000 shares during the period. Wells Fargo & Company MN boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 12.2% during the third quarter. Wells Fargo & Company MN now owns 30,695 shares of the oil and gas company’s stock valued at $689,000 after purchasing an additional 3,330 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of BP Prudhoe Bay Royalty Trust by 72.4% during the second quarter. Royal Bank of Canada now owns 8,770 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 3,684 shares during the period. 3.43% of the stock is owned by institutional investors.

BP Prudhoe Bay Royalty Trust (NYSE BPT) opened at $21.45 on Friday. The company has a market cap of $459.03, a price-to-earnings ratio of 5.94 and a beta of -0.56. BP Prudhoe Bay Royalty Trust has a one year low of $15.00 and a one year high of $32.95.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.83 EPS for the quarter. BP Prudhoe Bay Royalty Trust had a net margin of 98.57% and a return on equity of 11,059.93%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Friday, January 19th will be paid a dividend of $1.23 per share. This represents a $4.92 annualized dividend and a yield of 22.94%. This is a positive change from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, January 18th. BP Prudhoe Bay Royalty Trust’s payout ratio is presently 74.79%.

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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 (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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