Seeking AlphaT3·28mo ago
BGR Blackrock Energy and Resources Trust
XNYS
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BGR
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Key stats
About
- Exchange
- XNYS
- Market Cap
- $0.5B
- List Date
- 2004-12-23
- CIK
- 0001306550
- Homepage
- https://www.blackrock.com
BlackRock Energy & Resources Trust is a closed-end equity fund providing total return through a combination of current income, gains, and capital appreciation by investing in equity securities and derivatives of energy and natural resources companies. The fund invests in various sectors such as information technology, financials, healthcare, consumer discretionary, industrial, energy, materials, utilities, and others.
Fund profile
- Expense ratio
- —
- Assets
- $466M shares × price, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $1.8M 30 sessions
- Holdings
- —
- Listed
- Dec 23, 2004 NYSE
Costn/a
Liquidity42
Scale62
Diversificationn/a
Moves with. Value over growth (9% of its variance, beta 0.56); High yield over Treasuries (5% of its variance, beta 1.58). These factors explain 18% of its daily moves over the last year, so most of what drives this fund is something else.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| XLEState Street Energy Select Sector SPDR ETF | — | 0.08% | $44.9B | +56.9% | compare |
| VDEVanguard Energy ETF | — | 0.09% | $11.4B | +54.8% | compare |
| XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF | — | 0.35% | $4.3B | +58.9% | compare |
| IXCiShares Global Energy ETF | — | 0.37% | $3.4B | +53.8% | compare |
| FENYFidelity MSCI Energy Index ETF | — | 0.08% | $2.3B | +55.1% | compare |
The largest other funds in the Energy category.
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.11% | 11.00% | 8.37% | -3.89% | 3.29% | 11.82% | 5.62% |
| Feb | 13.24% | -0.09% | -4.06% | 1.40% | -0.08% | 9.00% | 3.23% |
| Mar | 2.90% | 4.60% | -4.10% | 6.08% | 2.88% | 8.05% | 3.40% |
| Apr | -1.12% | -3.31% | -1.26% | -1.50% | -9.54% | 3.98% | -2.12% |
| May | 4.67% | 13.57% | -6.10% | 2.62% | -0.48% | -7.57% | 1.12% |
| Jun | 2.08% | -16.07% | 2.73% | 0.46% | 5.32% | -6.08% | -1.93% |
| Jul | -12.38% | 5.90% | 3.71% | 0.15% | -0.15% | 12.43% | 1.61% |
| Aug | 0.80% | -0.17% | 3.05% | 0.69% | 2.87% | 5.51% | 2.12% |
| Sep | 8.59% | -4.35% | 0.61% | -0.39% | -0.51% | -3.04% | 0.15% |
| Oct | 5.69% | 14.68% | -2.47% | -1.67% | -2.06% | 7.32%* | 3.58% |
| Nov | -7.66% | 1.15% | -1.24% | 5.89% | 3.89% | -- | 0.41% |
| Dec | 1.39% | -4.50% | -2.20% | -7.01% | -1.46% | -- | -2.76% |
| Total | 20.46% | 19.76% | -3.81% | 2.10% | 3.15% | 46.74% | 14.74% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $17.63
SMA 50: $17.43
SMA 200: $16.18
Current: $18.25
EMA 12: $18.01
EMA 26: $17.71
MACD: 0.2995 | Signal: 0.0633
BULLISH
ADX (14): 23.55
WEAK TREND
+DI: 24.82
−DI: 13.11
Momentum Oscillators
RSI (14): 64.50
NEUTRAL
Stoch %K: 87.51
Stoch %D: 89.41
Williams %R: -18.09
Volume & Volatility
BB Upper: $18.70
BB Lower: $16.56
NEUTRAL
OBV: 7,164,594
Vol SMA 20: 106,625
Vol ROC: -92.61%
ATR: $0.32
True Range: $0.36
HV 20: 15.6%
HV 30: 16.9%
HV 60: 18.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: BGR
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Bullish MACD signal, indicating potential uptrend continuation
- Neutral RSI reading, suggesting no immediate selling pressure
- Weak trend regime, indicating potential for mean reversion
Primary risks:
- High implied volatility, potentially amplifying price movements
- Negative correlation with the market, increasing risk of unexpected moves
Investment thesis: BGR's technical indicators suggest a potential uptrend continuation, driven by its positive MACD signal and neutral RSI reading. However, the stock's negative correlation with the market increases the risk of unexpected moves.
Recent news sentiment impact: Neutral overall sentiment from recent headlines does not significantly impact this analysis.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend; Medium-term (1-3 months): Weak trend; Long-term (3-12 months): Downtrend
Support/Resistance Levels:
- SMA 20: $17.10
- SMA 50: $16.31
- Upper Bollinger Band: $17.63
- Lower Bollinger Band: $16.56
Momentum Signals:
- RSI (14): 57.59 (neutral)
- MACD: Bullish signal line crossover above the zero line
- Bollinger Bands: Neutral signal, with price touching the upper band
Volume Analysis:
- Volume SMA 20: 94124.35
- On-Balance Volume (OBV): 7160724.06
- Volume Rate of Change: -30.43%
News & Sentiment Analysis
Recent Headlines Summary: Neutral sentiment from recent headlines, with no significant news events or market-moving announcements.
Sentiment Assessment: Neutral overall sentiment from recent headlines does not significantly impact this analysis.
Catalyst Identification: No specific catalysts identified based on recent headlines.
Market Narrative: The neutral sentiment from recent headlines aligns with the stock's technical indicators, suggesting a potential uptrend continuation.
Risk & Volatility Assessment
Beta Interpretation: Negative beta (-0.18) indicates that BGR moves opposite to the market, increasing risk of unexpected moves.
Volatility Regime: High implied volatility (IV Premium vs HV30: N/A) amplifies price movements and increases risk.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels include SMA 20 ($17.10), SMA 50 ($16.31), and Lower Bollinger Band ($16.56).
Market Context & Positioning
Sector Performance: Neutral sector performance, with no significant outperformance or underperformance relative to the market.
Institutional Activity: No specific institutional activity signals detected based on recent trading data.
Correlation Analysis: Negative correlation (-0.11) between BGR and the market suggests potential for unexpected moves.
Relative Valuation: Position within a trading range, with no significant overvaluation or undervaluation relative to its peers.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($17.10)
- SMA 50 ($16.31)
- Upper Bollinger Band ($17.63)
- Lower Bollinger Band ($16.56)
Breakout/Breakdown Levels: No specific breakout or breakdown levels identified based on technical indicators.
Time-Sensitive Catalysts: No upcoming earnings dates, product launches, or regulatory changes that may impact the stock's price.
Risk Management: Set stop-loss levels at SMA 20 ($17.10) and position sizing considerations based on risk tolerance and market conditions.
Generated
News
All BGR news →
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BGR Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.2647
Alpha: 38.80%
Correlation: -0.1548
R-Squared: 2.4%
Stock Volatility: 21.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own BGR
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $79K | #3113 of 4729 | 0.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
BGR Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
BGR Insider Trading (Form 4)
Latest: 2026-02-12Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-02-12 | Stephen Thomas Minar | Vice President | Buy (P) | +4,320 | $14.91 | $64.4K | EDGAR |
| 2026-02-03 | Alastair Bishop | Mixed | — | $15.52 | -$79.7K | EDGAR | |
| 2026-02-03 | Kyle McClements | Mixed | — | $15.52 | -$34.2K | EDGAR | |
| 2026-02-03 | Mark Hume | Mixed | — | $15.52 | -$18.1K | EDGAR | |
| 2025-02-04 | Christopher Accettella | Mixed | — | $13.19 | -$9.8K | EDGAR | |
| 2025-02-04 | Kyle McClements | Mixed | — | $13.19 | -$31.4K | EDGAR | |
| 2025-02-04 | Alastair Bishop | Mixed | — | $13.19 | -$79.6K | EDGAR | |
| 2025-02-04 | Mark Hume | Mixed | — | $13.19 | -$16.7K | EDGAR | |
| 2024-02-02 | Alastair Bishop | Mixed | — | $12.11 | -$77.5K | EDGAR | |
| 2024-02-02 | Christopher Accettella | Mixed | — | $12.11 | -$11.6K | EDGAR | |
| 2024-02-02 | Kyle McClements | Mixed | — | $12.11 | -$36.4K | EDGAR | |
| 2024-02-02 | Mark Hume | Mixed | — | $12.11 | -$15.3K | EDGAR | |
| 2023-02-02 | Christopher Accettella | Mixed | — | $13.21 | -$12.9K | EDGAR | |
| 2023-02-02 | Kyle McClements | Mixed | — | $13.21 | -$43.1K | EDGAR | |
| 2023-02-02 | Alastair Bishop | Mixed | — | $13.21 | -$70.3K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
BGR Insider Holdings
3 insiders · @ $18.25
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Stephen Thomas Minar | Vice President | 4,320 | $78.8K | $64.4K | 1 | 2026-02-12 |
| 2 | Kyle McClements | 2,686 | $49.0K | $22.0K | 12 | 2026-02-03 | |
| 3 | Christopher Accettella | 744 | $13.6K | $0 | 10 | 2025-02-04 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
1 ETF hold BGR
1 shown · $5.82M total exposure
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | PCEF Invesco CEF Income Composite ETF | Invesco | 0.78% | $5.8M | — | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.