LPL Financial LLC Has $2.35 Million Stock Holdings in Permian Basin Royalty Trust $PBT

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LPL Financial LLC cut its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT - Free Report) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,783 shares of the oil and gas producer's stock after selling 55,262 shares during the quarter. LPL Financial LLC owned about 0.51% of Permian Basin Royalty Trust worth $2,347,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Permian Basin Royalty Trust during the 4th quarter worth approximately $623,000. Jane Street Group LLC acquired a new position in shares of Permian Basin Royalty Trust during the 4th quarter worth approximately $475,000. Mad River Investors increased its holdings in shares of Permian Basin Royalty Trust by 91.5% during the 1st quarter. Mad River Investors now owns 471,693 shares of the oil and gas producer's stock worth $4,674,000 after acquiring an additional 225,400 shares during the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of Permian Basin Royalty Trust by 7.2% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 1,486,902 shares of the oil and gas producer's stock worth $14,676,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Permian Basin Royalty Trust by 16.1% during the 4th quarter. Ameriprise Financial Inc. now owns 11,688 shares of the oil and gas producer's stock worth $128,000 after acquiring an additional 1,623 shares during the last quarter. 28.86% of the stock is owned by institutional investors and hedge funds.

Permian Basin Royalty Trust Stock Up 3.6%

Shares of PBT stock traded up $0.5660 during trading on Friday, reaching $16.2460. 63,329 shares of the company's stock were exchanged, compared to its average volume of 148,180. The stock has a market capitalization of $757.23 million, a PE ratio of 45.21 and a beta of 0.59. Permian Basin Royalty Trust has a twelve month low of $8.01 and a twelve month high of $16.65. The firm's fifty day moving average price is $13.51 and its 200-day moving average price is $11.45.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The oil and gas producer reported $0.05 earnings per share for the quarter. Permian Basin Royalty Trust had a return on equity of 9,737.65% and a net margin of 89.90%.The business had revenue of $3.11 million for the quarter.

Permian Basin Royalty Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were issued a $0.0153 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 145.0%. This is a positive change from Permian Basin Royalty Trust's previous dividend of $0.01. Permian Basin Royalty Trust's payout ratio is currently 50.00%.

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.