Jane Street Group LLC Makes New $475,000 Investment in Permian Basin Royalty Trust (NYSE:PBT)

Jane Street Group LLC purchased a new stake in shares of Permian Basin Royalty Trust (NYSE:PBT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,885 shares of the oil and gas producer's stock, valued at approximately $475,000. Jane Street Group LLC owned 0.09% of Permian Basin Royalty Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Permian Basin Royalty Trust during the 4th quarter valued at about $27,000. JPMorgan Chase & Co. grew its stake in shares of Permian Basin Royalty Trust by 88.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,782 shares of the oil and gas producer's stock valued at $53,000 after purchasing an additional 2,250 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Permian Basin Royalty Trust during the 4th quarter valued at about $121,000. Atria Wealth Solutions Inc. purchased a new position in shares of Permian Basin Royalty Trust during the 4th quarter valued at about $127,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Permian Basin Royalty Trust by 28.3% during the 4th quarter. Russell Investments Group Ltd. now owns 12,132 shares of the oil and gas producer's stock valued at $134,000 after acquiring an additional 2,679 shares during the period. 28.86% of the stock is currently owned by institutional investors.

Permian Basin Royalty Trust Price Performance

Shares of NYSE:PBT traded down $0.22 during mid-day trading on Tuesday, reaching $11.02. 3,721,822 shares of the company traded hands, compared to its average volume of 140,270. The company's 50 day moving average price is $10.13 and its 200-day moving average price is $10.96. The firm has a market cap of $513.77 million, a PE ratio of 14.13 and a beta of 0.56. 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 announced its quarterly earnings data on Wednesday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $3.07 million during the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.0188 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 2.01%. Permian Basin Royalty Trust's payout ratio is 44.90%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

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.