Napatree Capital LLC Has $457,000 Stock Holdings in Permian Basin Royalty Trust (NYSE:PBT)

Napatree Capital LLC boosted its stake in Permian Basin Royalty Trust (NYSE:PBT - Free Report) by 105.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,273 shares of the oil and gas producer's stock after acquiring an additional 23,710 shares during the period. Napatree Capital LLC owned 0.10% of Permian Basin Royalty Trust worth $457,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake 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 in the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $53,000 after buying an additional 2,250 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Permian Basin Royalty Trust by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,892 shares of the oil and gas producer's stock worth $48,000 after buying an additional 2,446 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Permian Basin Royalty Trust by 19.2% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 15,500 shares of the oil and gas producer's stock worth $154,000 after buying an additional 2,500 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings 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 worth $134,000 after buying an additional 2,679 shares during the last quarter. Institutional investors and hedge funds own 28.86% of the company's stock.

Permian Basin Royalty Trust Stock Performance

Permian Basin Royalty Trust stock traded down $0.02 during trading on Friday, reaching $12.69. 88,232 shares of the company's stock were exchanged, compared to its average volume of 143,853. The company's 50-day moving average is $11.82 and its two-hundred day moving average is $10.94. Permian Basin Royalty Trust has a 52-week low of $8.01 and a 52-week high of $14.26. The firm has a market cap of $591.48 million, a price-to-earnings ratio of 25.90 and a beta of 0.58.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The oil and gas producer reported $0.06 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 93.60% and a return on equity of 12,661.40%. The company had revenue of $3.07 million during the quarter.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.013 per share. The ex-dividend date was Monday, June 30th. This represents a yield of 1.3%. Permian Basin Royalty Trust's dividend payout ratio (DPR) is 32.65%.

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.