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HGTXU

OTC
0.41999999 USD
0.01
2.44%
Last update May 13, 3:53 PM EDT
Market closed
Day range
0.40000001
0.41999999
Previous close
0.41000000
Open
0.41999999
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Hugoton Royalty Trust
0.42
0.01
2.44%

Overview

Description

Hugoton Royalty Trust is a financial instrument established to receive and manage royalty interests in certain oil and gas properties. Its primary function is to provide shareholders with revenue from the production and sale of natural resources like crude oil and natural gas extracted from fields primarily located in Kansas, Oklahoma, and Wyoming. The trust collects these royalties and distributes the net proceeds to shareholders. This positions Hugoton Royalty Trust within the energy sector, playing a critical role in allowing investors to gain exposure to the volatility and profitability inherent in the oil and gas markets. Established to have a finite life span, the trust operates without centralized management, reflecting the performance of the underlying assets directly through distributions to unit holders. In the financial markets, Hugoton Royalty Trust stands as a vehicle for investors seeking a potential steady income stream derived from natural resource reserves, thus contributing to the diversity of investment options within the natural resource and energy sectors.

About

CEO
Employees
0
Address
3838 Oak Lawn Avenue
Suite 1720
Dallas, 75219-4518, TX
United States
Phone
855 588 7839
Website
Instrument type
Common stock
Sector
Energy
Industry
Oil & Gas E&P
Country
United States
MIC code
PINX
Market closed

Exchange is currently closed
Pre-market opens in 4 hours

01:59
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
06:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).