Permian Basin Royalty Trust (NYSE:PBT) Short Interest Update

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 147,500 shares, a decline of 19.7% from the March 31st total of 183,800 shares. Based on an average trading volume of 144,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lagoda Investment Management L.P. raised its stake in Permian Basin Royalty Trust by 4.2% during the third quarter. Lagoda Investment Management L.P. now owns 27,250 shares of the oil and gas producer's stock worth $579,000 after acquiring an additional 1,100 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Permian Basin Royalty Trust by 222.0% during the third quarter. Global Retirement Partners LLC now owns 2,618 shares of the oil and gas producer's stock worth $51,000 after purchasing an additional 1,805 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Permian Basin Royalty Trust by 21,188.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the oil and gas producer's stock worth $27,000 after purchasing an additional 1,907 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Permian Basin Royalty Trust by 1,296.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of Permian Basin Royalty Trust by 30.4% during the third quarter. Waverly Advisors LLC now owns 12,867 shares of the oil and gas producer's stock worth $273,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 28.86% of the company's stock.

Permian Basin Royalty Trust Price Performance

PBT stock traded up $0.19 during midday trading on Friday, reaching $12.20. The company had a trading volume of 69,708 shares, compared to its average volume of 140,817. The company has a market capitalization of $568.63 million, a price-to-earnings ratio of 20.33 and a beta of 0.59. The stock has a 50 day moving average price of $12.60 and a 200-day moving average price of $14.97. Permian Basin Royalty Trust has a 1-year low of $10.95 and a 1-year high of $25.62.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 EPS for the quarter. The business had revenue of $14.44 million during the quarter. Permian Basin Royalty Trust had a return on equity of 13,667.19% and a net margin of 96.16%.

Permian Basin Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.0882 per share. This is an increase from Permian Basin Royalty Trust's previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.06 annualized dividend and a yield of 8.68%. Permian Basin Royalty Trust's payout ratio is presently 175.00%.

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.