Permian Basin Royalty Trust (NYSE:PBT) Shares Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC raised its stake in shares of Permian Basin Royalty Trust (NYSE:PBT - Free Report) by 42.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 138,924 shares of the oil and gas producer's stock after purchasing an additional 41,167 shares during the period. Beacon Pointe Advisors LLC owned approximately 0.30% of Permian Basin Royalty Trust worth $1,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC raised its position in shares of Permian Basin Royalty Trust by 7.1% in the fourth 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 period. Wells Fargo & Company MN grew its position in shares of Permian Basin Royalty Trust by 211.0% in the fourth quarter. Wells Fargo & Company MN now owns 233,493 shares of the oil and gas producer's stock valued at $2,587,000 after purchasing an additional 158,403 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Permian Basin Royalty Trust during the 4th quarter worth about $1,327,000. Commonwealth Equity Services LLC increased its position 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 valued at $2,443,000 after buying an additional 102,568 shares during the period. Finally, Hosking Partners LLP lifted its holdings in shares of Permian Basin Royalty Trust by 28.3% in the fourth quarter. Hosking Partners LLP now owns 307,551 shares of the oil and gas producer's stock worth $3,408,000 after buying an additional 67,858 shares in the last quarter. 28.86% of the stock is owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Trading Down 5.6 %

Shares of NYSE:PBT traded down $0.56 on Monday, reaching $9.48. 186,272 shares of the company traded hands, compared to its average volume of 126,839. The business's 50-day simple moving average is $9.88 and its 200 day simple moving average is $11.09. The stock has a market capitalization of $441.85 million, a P/E ratio of 12.15 and a beta of 0.58. Permian Basin Royalty Trust has a 52 week low of $8.01 and a 52 week high of $14.26.

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

Permian Basin Royalty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

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 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.