Schwartz Investment Counsel Inc. Acquires 232,000 Shares of Permian Basin Royalty Trust (NYSE:PBT)

Schwartz Investment Counsel Inc. raised its stake in Permian Basin Royalty Trust (NYSE:PBT - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 803,849 shares of the oil and gas producer's stock after acquiring an additional 232,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 1.72% of Permian Basin Royalty Trust worth $11,254,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in Permian Basin Royalty Trust by 1,296.0% in 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 acquiring an additional 2,592 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Permian Basin Royalty Trust during the 3rd quarter worth approximately $374,000. Quadrature Capital Ltd boosted its position in shares of Permian Basin Royalty Trust by 279.0% during the 3rd quarter. Quadrature Capital Ltd now owns 42,809 shares of the oil and gas producer's stock worth $909,000 after acquiring an additional 31,515 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Permian Basin Royalty Trust by 10.9% during the 3rd quarter. Lazard Asset Management LLC now owns 8,404 shares of the oil and gas producer's stock worth $178,000 after acquiring an additional 827 shares in the last quarter. Finally, Waverly Advisors LLC boosted its position in Permian Basin Royalty Trust by 30.4% in the third quarter. Waverly Advisors LLC now owns 12,867 shares of the oil and gas producer's stock valued at $273,000 after buying an additional 3,001 shares in the last quarter. 28.86% of the stock is owned by institutional investors.

Permian Basin Royalty Trust Trading Down 0.8 %

Permian Basin Royalty Trust stock traded down $0.10 during mid-day trading on Tuesday, reaching $12.62. The company had a trading volume of 94,323 shares, compared to its average volume of 141,742. The company has a market cap of $588.22 million, a P/E ratio of 21.45 and a beta of 0.59. The business has a fifty day simple moving average of $13.09 and a 200 day simple moving average of $15.83. Permian Basin Royalty Trust has a fifty-two week low of $10.95 and a fifty-two week high of $27.77.

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

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be paid a dividend of $0.041 per share. This represents a $0.49 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, March 27th. Permian Basin Royalty Trust's dividend payout ratio is presently 83.33%.

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.