Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) shares saw strong trading volume on Tuesday . 1,191,902 shares were traded during mid-day trading, an increase of 814% from the previous session's volume of 130,439 shares.The stock last traded at $11.26 and had previously closed at $11.24.
Analyst Ratings Changes
Separately, Wall Street Zen cut Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.
View Our Latest Analysis on Permian Basin Royalty Trust
Permian Basin Royalty Trust Trading Down 1.4%
The company has a market cap of $509.44 million, a PE ratio of 14.01 and a beta of 0.56. The company has a fifty day simple moving average of $10.15 and a two-hundred day simple moving average of $10.96.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The oil and gas producer reported $0.06 EPS for the quarter. The business had revenue of $3.07 million during the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.
Permian Basin Royalty Trust Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.0188 dividend. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 30th. Permian Basin Royalty Trust's dividend payout ratio is presently 44.90%.
Institutional Investors Weigh In On Permian Basin Royalty Trust
A number of hedge funds and other institutional investors have recently modified their holdings of PBT. Stratos Wealth Partners LTD. purchased a new position in Permian Basin Royalty Trust in the fourth quarter valued at $121,000. Golden State Wealth Management LLC acquired a new position in shares of Permian Basin Royalty Trust during the 4th quarter worth about $27,000. Atlas Wealth Partners LLC increased its holdings in shares of Permian Basin Royalty Trust by 4.0% in the 4th quarter. Atlas Wealth Partners LLC now owns 66,098 shares of the oil and gas producer's stock valued at $730,000 after acquiring an additional 2,542 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Permian Basin Royalty Trust during the 4th quarter worth about $127,000. Finally, Hosking Partners LLP raised its position in shares of Permian Basin Royalty Trust by 28.3% during the 4th quarter. Hosking Partners LLP now owns 307,551 shares of the oil and gas producer's stock worth $3,408,000 after acquiring an additional 67,858 shares in the last quarter. 28.86% of the stock is currently owned by institutional investors and hedge funds.
Permian Basin Royalty Trust Company Profile
(
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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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