Shares of Pacific Coast Oil Trust (NYSE:ROYT) traded up 9.1% during trading on Wednesday . The stock traded as high as $0.24 and last traded at $0.24, 1,101,400 shares traded hands during trading. An increase of 283% from the average session volume of 287,884 shares. The stock had previously closed at $0.22.

Several research firms have issued reports on ROYT. TheStreet lowered shares of Pacific Coast Oil Trust from a “b-” rating to a “c” rating in a research report on Wednesday, October 23rd. Zacks Investment Research raised Pacific Coast Oil Trust from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Wednesday, October 30th.

The firm has a market capitalization of $9.14 million, a price-to-earnings ratio of 0.72 and a beta of 1.61. The stock has a fifty day moving average of $0.78 and a 200-day moving average of $1.73.

An institutional investor recently bought a new position in Pacific Coast Oil Trust stock. Oppenheimer & Co. Inc. purchased a new position in Pacific Coast Oil Trust (NYSE:ROYT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,295 shares of the oil and gas producer’s stock, valued at approximately $79,000. Oppenheimer & Co. Inc. owned approximately 0.10% of Pacific Coast Oil Trust at the end of the most recent quarter. Institutional investors own 12.64% of the company’s stock.

About Pacific Coast Oil Trust (NYSE:ROYT)

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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