Fielder Capital Group LLC Takes $861,000 Position in Permian Basin Royalty Trust (NYSE:PBT)

Fielder Capital Group LLC bought a new position in shares of Permian Basin Royalty Trust (NYSE:PBT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 61,642 shares of the oil and gas producer's stock, valued at approximately $861,000. Fielder Capital Group LLC owned 0.13% of Permian Basin Royalty Trust as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PBT. Schwartz Investment Counsel Inc. boosted its stake in Permian Basin Royalty Trust by 40.6% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 803,849 shares of the oil and gas producer's stock valued at $11,254,000 after purchasing an additional 232,000 shares during the period. UBS Group AG grew its stake in shares of Permian Basin Royalty Trust by 1.5% in the third quarter. UBS Group AG now owns 479,363 shares of the oil and gas producer's stock worth $10,186,000 after acquiring an additional 7,142 shares during the last quarter. Hosking Partners LLP increased its position in Permian Basin Royalty Trust by 6.0% during the third quarter. Hosking Partners LLP now owns 470,891 shares of the oil and gas producer's stock worth $10,006,000 after acquiring an additional 26,826 shares during the period. Moors & Cabot Inc. raised its stake in Permian Basin Royalty Trust by 9.7% during the 3rd quarter. Moors & Cabot Inc. now owns 217,741 shares of the oil and gas producer's stock valued at $4,627,000 after purchasing an additional 19,267 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Permian Basin Royalty Trust by 4.5% in the 3rd quarter. LPL Financial LLC now owns 175,257 shares of the oil and gas producer's stock valued at $3,724,000 after purchasing an additional 7,498 shares during the period. Institutional investors own 28.86% of the company's stock.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE:PBT traded up $0.37 on Tuesday, hitting $12.20. 110,376 shares of the company were exchanged, compared to its average volume of 139,965. The company's 50 day moving average price is $12.38 and its two-hundred day moving average price is $14.52. The firm has a market capitalization of $568.64 million, a price-to-earnings ratio of 20.33 and a beta of 0.63. Permian Basin Royalty Trust has a one year low of $10.95 and a one year high of $25.62.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last released its earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 earnings per share for the quarter. The business had revenue of $14.44 million for 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 company also recently announced a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.0882 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.68%. This is a positive change from Permian Basin Royalty Trust's previous monthly dividend of $0.04. The ex-dividend date is Monday, April 29th. Permian Basin Royalty Trust's dividend payout ratio is presently 176.67%.

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.