Permian Basin Royalty Trust (NYSE:PBT) Announces Quarterly Earnings Results

Key Points

• Q1 results: Permian Basin Royalty Trust reported $0.06 EPS on $2.61 million revenue with an unusually high net margin (88.68%) and reported ROE of 9,354.51% for the quarter.
• Dividend cut: The trust declared a monthly payout of $0.0107 (ex-dividend March 31, paid April 14), implying a roughly 0.6% yield and a dividend payout ratio of 50%.
• Valuation & structure: Shares opened at $22.22 (52-week range $8.01–$22.65) with a $1.04 billion market cap and P/E of 65.36; the company is a passive royalty trust owning overriding interests in Permian Basin acreage (Reeves and Loving Counties), not an operator.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) posted its quarterly earnings data on Friday. The oil and gas producer reported $0.06 EPS for the quarter, Zacks reports. The business had revenue of $2.61 million during the quarter. Permian Basin Royalty Trust had a return on equity of 9,354.51% and a net margin of 88.68%.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE PBT opened at $22.22 on Friday. The firm has a fifty day moving average of $19.71 and a 200 day moving average of $18.57. The firm has a market cap of $1.04 billion, a PE ratio of 65.36 and a beta of 0.43. Permian Basin Royalty Trust has a one year low of $8.01 and a one year high of $22.65.

Permian Basin Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.0107 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.6%. Permian Basin Royalty Trust's dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On Permian Basin Royalty Trust

A number of large investors have recently modified their holdings of PBT. SoftVest Advisors LLC raised its holdings in shares of Permian Basin Royalty Trust by 40.1% in the 2nd quarter. SoftVest Advisors LLC now owns 6,206,624 shares of the oil and gas producer's stock valued at $77,335,000 after purchasing an additional 1,776,929 shares in the last quarter. UBS Group AG increased its holdings in Permian Basin Royalty Trust by 170.1% in the third quarter. UBS Group AG now owns 147,578 shares of the oil and gas producer's stock valued at $2,693,000 after buying an additional 92,936 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Permian Basin Royalty Trust by 2,233.8% in the second quarter. JPMorgan Chase & Co. now owns 104,298 shares of the oil and gas producer's stock valued at $1,300,000 after buying an additional 99,829 shares during the last quarter. HRT Financial LP raised its stake in Permian Basin Royalty Trust by 540.8% in the fourth quarter. HRT Financial LP now owns 86,939 shares of the oil and gas producer's stock valued at $1,476,000 after buying an additional 73,371 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Permian Basin Royalty Trust by 33.3% during the 3rd quarter. Raymond James Financial Inc. now owns 85,964 shares of the oil and gas producer's stock worth $1,569,000 after buying an additional 21,498 shares during the last quarter. 28.86% of the stock is owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust NYSE: PBT is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.

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