Pacific Coast Oil Trust (NYSE:ROYT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Pacific Coast Oil Trust is formed to own interests in properties held by Pacific Coast Energy Company LP which are located in California in the Santa Maria and Los Angeles Basins. Pacific Coast Oil Trust is based in Austin, Texas. “

Separately, Stifel Nicolaus cut shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $2.00 to $1.50 in a research report on Thursday, July 13th.

Shares of Pacific Coast Oil Trust (ROYT) opened at 1.59 on Wednesday. The company’s 50-day moving average is $1.59 and its 200-day moving average is $1.74. Pacific Coast Oil Trust has a one year low of $0.87 and a one year high of $2.23. The company has a market cap of $61.35 million, a price-to-earnings ratio of 36.98 and a beta of 2.06.

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A hedge fund recently raised its stake in Pacific Coast Oil Trust stock. UBS Group AG raised its stake in Pacific Coast Oil Trust (NYSE:ROYT) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,202,965 shares of the oil and gas producer’s stock after buying an additional 7,015 shares during the quarter. UBS Group AG owned about 3.12% of Pacific Coast Oil Trust worth $2,262,000 at the end of the most recent quarter. 9.98% of the stock is owned by institutional investors.

About Pacific Coast Oil Trust

Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties.

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