Shares of Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) rose 3.3% on Tuesday . The company traded as high as $13.92 and last traded at $13.91. Approximately 109,324 shares traded hands during trading, a decline of 21% from the average daily volume of 137,838 shares. The stock had previously closed at $13.46.
Permian Basin Royalty Trust Stock Down 0.9 %
The stock has a market cap of $621.78 million, a price-to-earnings ratio of 21.52 and a beta of 0.63. The stock has a 50 day simple moving average of $12.52 and a 200 day simple moving average of $14.03.
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 earnings per share (EPS) for the quarter. The business had revenue of $14.44 million during the quarter. Permian Basin Royalty Trust had a net margin of 96.14% and a return on equity of 14,549.30%.
Permian Basin Royalty Trust Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.0201 per share. The ex-dividend date of this dividend is Friday, May 31st. Permian Basin Royalty Trust's payout ratio is presently 170.97%.
Institutional Trading of Permian Basin Royalty Trust
Several institutional investors and hedge funds have recently modified their holdings of PBT. Tower Research Capital LLC TRC raised its holdings in Permian Basin Royalty Trust by 21,188.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the oil and gas producer's stock valued at $27,000 after acquiring an additional 1,907 shares during the period. International Assets Investment Management LLC grew its holdings in Permian Basin Royalty Trust by 1,296.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 2,592 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of Permian Basin Royalty Trust during the fourth quarter valued at about $163,000. PFG Investments LLC purchased a new stake in shares of Permian Basin Royalty Trust in the first quarter worth about $209,000. Finally, Waverly Advisors LLC grew its stake in 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 valued at $273,000 after acquiring an additional 3,001 shares in the last quarter. 28.86% of the stock is owned by hedge funds and other institutional investors.
About Permian Basin Royalty Trust
(
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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.
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