Basic Material New Highs: BP Prudhoe Bay Royalty Trust (NYSE:BPT), Targa Resources (NYSE:TRGP), Targa Resources Partners (NYSE:NGLS), Magellan Midstream (NYSE:MMP)

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BP Prudhoe Bay Royalty Trust (NYSE:BPT) is identified as an oil and gas trust with a potential to drive hefty dividends to shareholders over the long-term. Based on the most recent past four distributions, the company observed a dividend yield of 11 percent. Analysts believe the company should continue to pay its hefty dividend yield for the next 15 years. Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) were up 4.76 percent for the whole of last week and up 14.17 percent since the year began. BP Prudhoe Bay Royalty Trust (NYSE:BPT) stock performance was 1.01% in last session and finished the day at $93.60. Traded volume was 148,094.00million shares in the last session and the average volume of the stock remained 114.37K shares. The beta of the stock remained 0.77.

Targa Resources Corp (NYSE:TRGP), the pipeline service provider company has hit its 52 weeks high at $64.11. This is a remarkable achievement that company’s shares achieved because of the rise in midstream infrastructure investments, improved horizontal drills, fraternization completions and also the company’s exposure to prime oil rich plays. Targa Resources Corp (NYSE:TRGP) rose 1.05 percent to $114.69 Wednesday on volume of 191,434.00million shares. The intra-day range of the stock was $113.84 to $114.91. Targa Resources Corp (NYSE:TRGP) has a market capitalization of $4.84billion.

Trade-Ideas LLC identified Targa Resources Partners LP (NYSE:NGLS) as a new lifetime high candidate. TheStreet Quant Ratings rates the company as a buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, notable return on equity and solid stock price performance. Targa Resources Partners LP (NYSE:NGLS)’s stock on May 21, 2014 reported a increase of 1.19% to the closing price of $66.18. Its fifty two weeks range is $43.54 -$66.26. The total market capitalization recorded $7.66billion. The overall volume in the last trading session was 261,176.00million shares. In its share capital, NGLS has 116.63million outstanding shares.

A pipeline project designed to transport crude oil from the Permian Basin to the Houston Gulf Coast is making its way through Collins Park in Spring. The BridgeTex Pipeline Project is a venture between Magellan Midstream Partners, L.P. (NYSE:MMP) and Occidental Petroleum designed to transport oil from Colorado City to Texas City through approximately 450 miles of pipeline. On Wednesday, shares of Magellan Midstream Partners, L.P. (NYSE:MMP) advanced 0.35% to close the day at $80.04. Company return on investment (ROI) is 16.20% and its monthly performance is recorded as 8.40%. Magellan Midstream Partners, L.P. (NYSE:MMP) quarterly revenue growth is 19.07%.

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