Traders Buy High Volume of BP Prudhoe Bay Royalty Trust Call Options (BPT)

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 27,670 call options on the stock. This represents an increase of approximately 8,520% compared to the typical daily volume of 321 call options.

Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of BP Prudhoe Bay Royalty Trust in the second quarter worth approximately $166,000. Royal Bank of Canada lifted its stake 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 buying an additional 3,684 shares in the last quarter. Advisor Group Inc. lifted its stake 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 buying an additional 1,431 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of BP Prudhoe Bay Royalty Trust in the third quarter worth approximately $516,000. Finally, Wells Fargo & Company MN lifted its position in 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. Hedge funds and other institutional investors own 3.43% of the company’s stock.

BP Prudhoe Bay Royalty Trust (BPT) opened at $21.45 on Friday. The stock has a market cap of $459.03, a P/E ratio of 5.94 and a beta of -0.56. BP Prudhoe Bay Royalty Trust has a 52 week low of $15.00 and a 52 week high of $32.95.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.83 earnings per share (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 announced a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Friday, January 19th will be paid a $1.23 dividend. This represents a $4.92 annualized dividend and a dividend yield of 22.94%. The ex-dividend date of this dividend is Thursday, January 18th. This is an increase from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68. BP Prudhoe Bay Royalty Trust’s dividend payout ratio is currently 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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