56,180 Shares in Permian Basin Royalty Trust (NYSE:PBT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Permian Basin Royalty Trust (NYSE:PBT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,180 shares of the oil and gas producer's stock, valued at approximately $622,000. Raymond James Financial Inc. owned about 0.12% of Permian Basin Royalty Trust as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC grew its holdings in shares of Permian Basin Royalty Trust by 7.1% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 3,946,083 shares of the oil and gas producer's stock valued at $43,723,000 after purchasing an additional 261,819 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Permian Basin Royalty Trust by 211.0% during the fourth quarter. Wells Fargo & Company MN now owns 233,493 shares of the oil and gas producer's stock worth $2,587,000 after buying an additional 158,403 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Permian Basin Royalty Trust during the fourth quarter worth $1,327,000. Commonwealth Equity Services LLC increased its holdings in shares of Permian Basin Royalty Trust by 87.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 220,527 shares of the oil and gas producer's stock worth $2,443,000 after buying an additional 102,568 shares in the last quarter. Finally, Hosking Partners LLP boosted its holdings in shares of Permian Basin Royalty Trust by 28.3% during the 4th quarter. Hosking Partners LLP now owns 307,551 shares of the oil and gas producer's stock valued at $3,408,000 after acquiring an additional 67,858 shares in the last quarter. Institutional investors and hedge funds own 28.86% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th.

Permian Basin Royalty Trust Price Performance

Shares of NYSE PBT opened at $9.66 on Thursday. Permian Basin Royalty Trust has a 1 year low of $8.01 and a 1 year high of $14.26. The firm has a market cap of $450.24 million, a PE ratio of 12.38 and a beta of 0.56. The company has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $11.05.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share for the quarter. The company had revenue of $3.79 million for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%.

Permian Basin Royalty Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, May 1st will be paid a $0.0196 dividend. This represents a dividend yield of 2.35%. The ex-dividend date is Wednesday, April 30th. Permian Basin Royalty Trust's dividend payout ratio is currently 41.82%.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.

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