Creative Planning LLC recently announced the acquisition of new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT). The institutional investor has increased its shareholding in the Energy company by 0.11% to 0.27 million shares with purchase of 300.0 shares. This fresh investment now brings its stake to 1.26% valued currently at $0.67 million. In addition, Formidable Asset Management LLC raised its holdings by 56343.0 to 56343.0 shares.
With over 0.47 million BP Prudhoe Bay Royalty Trust (BPT) shares trading Friday and a closing price of $2.95 on the day, the dollar volume was approximately $1.4 million. The shares have shown a negative half year performance of -42.04% and its price on 01/12/24 gained nearly 9.26%. Currently, there are 21.40M common shares owned by the public and among those 21.40M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for BPT have a consensus price objective of $12.00. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $12.00. But an upside of 75.42% will see the stock hit the forecast high price target while median target price for the stock is $12.00.
The top 3 mutual fund holders in BP Prudhoe Bay Royalty Trust are Invesco FTSE RAFI US 1500 Small M, Victory Extended Market Index Fun, and BetaShares Global Royalties ETF. Invesco FTSE RAFI US 1500 Small M owns 38197.0 shares of the company’s stock, all valued at over $94347.0. Victory Extended Market Index Fun bought 7.0 shares to see its total holdings expand to 2352.0 shares valued at over $5809.0 and representing 0.01% of the shares outstanding. BetaShares Global Royalties ETF now owns shares totaling to 0.00% of the shares outstanding.
Shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT) opened at $2.80, up $0.1 from a prior closing price of $2.70. However, the script later moved the day high at 3.1000, up 9.26%. The company’s stock has a 5-day price change of 3.51% and -41.24% over the past three months. BPT shares are trading 19.43% year to date (YTD), with the 12-month market performance down to -75.25% lower. It has a 12-month low price of $2.39 and touched a high of $13.31 over the same period. BPT has an average intraday trading volume of 219.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.51%, -10.28%, and -45.55% respectively.
Institutional ownership of BP Prudhoe Bay Royalty Trust (NYSE: BPT) shares accounts for 5.90% of the company’s 21.40M shares outstanding. Mutual fund holders own 0.19%, while other institutional holders and individual stakeholders account for 4.57% and — respectively.
It has a market capitalization of $63.13M and a beta (3y monthly) value of 0.08. The stock’s trailing 12-month PE ratio is 3.02, while the earnings-per-share (ttm) stands at $0.98. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.78% over the week and 8.00% over the month.
Analysts forecast that BP Prudhoe Bay Royalty Trust (BPT) will achieve an EPS of $BP Prudhoe Bay Royalty Trust for the current quarter, $2.95 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $BIT while analysts give the company a high EPS estimate of $Permian Basin Royalty Trust. Comparatively, EPS for the current quarter was $Camden Property Trust a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate BP Prudhoe Bay Royalty Trust (BPT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the BPT, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on February 05, 2009, with the firm’s price target at $62-$49.
