Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.21 and traded as high as $18.80. Permian Basin Royalty Trust shares last traded at $18.24, with a volume of 150,461 shares traded.
Permian Basin Royalty Trust Price Performance
The company has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $12.36. The company has a market cap of $827.79 million, a PE ratio of 49.33 and a beta of 0.69.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The oil and gas producer reported $0.05 earnings per share for the quarter. The company had revenue of $3.11 million during the quarter. Permian Basin Royalty Trust had a return on equity of 9,737.65% and a net margin of 89.90%.
Permian Basin Royalty Trust Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.0164 dividend. This is an increase from Permian Basin Royalty Trust's previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 29th. Permian Basin Royalty Trust's dividend payout ratio (DPR) is currently 55.56%.
Institutional Trading of Permian Basin Royalty Trust
Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Permian Basin Royalty Trust during the fourth quarter valued at approximately $623,000. Jane Street Group LLC acquired a new stake in Permian Basin Royalty Trust during the fourth quarter valued at approximately $475,000. Schwartz Investment Counsel Inc. raised its stake in Permian Basin Royalty Trust by 7.2% during the first quarter. Schwartz Investment Counsel Inc. now owns 1,486,902 shares of the oil and gas producer's stock valued at $14,676,000 after buying an additional 100,000 shares in the last quarter. Mad River Investors raised its stake in Permian Basin Royalty Trust by 91.5% during the first quarter. Mad River Investors now owns 471,693 shares of the oil and gas producer's stock valued at $4,674,000 after buying an additional 225,400 shares in the last quarter. Finally, Promethium Advisors LLC raised its stake in Permian Basin Royalty Trust by 46.4% during the first quarter. Promethium Advisors LLC now owns 131,829 shares of the oil and gas producer's stock valued at $1,306,000 after buying an additional 41,797 shares in the last quarter. Institutional investors and hedge funds own 28.86% of the company's stock.
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.
Further Reading
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