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

Jane Street Group LLC bought a new position in Permian Basin Royalty Trust (NYSE:PBT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 42,885 shares of the oil and gas producer's stock, valued at approximately $475,000. Jane Street Group LLC owned approximately 0.09% of Permian Basin Royalty Trust at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PBT. Horizon Kinetics Asset Management LLC lifted its stake in Permian Basin Royalty Trust by 7.1% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 3,946,083 shares of the oil and gas producer's stock worth $43,723,000 after purchasing an additional 261,819 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Permian Basin Royalty Trust by 211.0% in the 4th quarter. Wells Fargo & Company MN now owns 233,493 shares of the oil and gas producer's stock worth $2,587,000 after purchasing an additional 158,403 shares in the last quarter. OFI Invest Asset Management purchased a new position in Permian Basin Royalty Trust in the 4th quarter worth approximately $1,327,000. Commonwealth Equity Services LLC raised its position in shares of Permian Basin Royalty Trust by 87.0% during the 4th 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 raised its position 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 buying an additional 67,858 shares during the period. 28.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of 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 PBT stock traded down $0.20 during trading on Friday, hitting $11.12. 78,614 shares of the stock traded hands, compared to its average volume of 125,610. The firm has a market capitalization of $518.29 million, a P/E ratio of 14.26 and a beta of 0.56. The firm's fifty day moving average price is $10.08 and its 200-day moving average price is $10.99. 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 released its quarterly earnings results on Wednesday, May 14th. The oil and gas producer reported $0.06 EPS for the quarter. The firm had revenue of $3.07 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 Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.0188 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 2.01%. Permian Basin Royalty Trust's dividend payout ratio (DPR) is presently 44.90%.

About Permian Basin Royalty Trust

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.