Free Trial

Permian Basin Royalty Trust (NYSE:PBT) Short Interest Update

Permian Basin Royalty Trust logo with Energy background

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 324,300 shares, an increase of 23.5% from the May 15th total of 262,500 shares. Based on an average daily trading volume, of 161,700 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the company's stock are sold short.

Institutional Investors Weigh In On Permian Basin Royalty Trust

Several large investors have recently modified their holdings of PBT. Atria Wealth Solutions Inc. purchased a new stake in shares of Permian Basin Royalty Trust during the 4th quarter worth approximately $127,000. Hosking Partners LLP increased its stake 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 purchasing an additional 67,858 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Permian Basin Royalty Trust by 45.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 29,467 shares of the oil and gas producer's stock worth $326,000 after purchasing an additional 9,179 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Permian Basin Royalty Trust during the 4th quarter worth approximately $622,000. Finally, OFI Invest Asset Management purchased a new position in Permian Basin Royalty Trust in the 4th quarter valued at approximately $1,327,000. Hedge funds and other institutional investors own 28.86% of the company's stock.

Permian Basin Royalty Trust Stock Performance

NYSE:PBT traded down $0.11 on Friday, hitting $11.96. The stock had a trading volume of 81,632 shares, compared to its average volume of 140,189. The stock has a market cap of $557.44 million, a P/E ratio of 24.41 and a beta of 0.56. Permian Basin Royalty Trust has a 1 year low of $8.01 and a 1 year high of $14.26. The firm's fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $10.83.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a net margin of 93.60% and a return on equity of 12,661.40%. The company had revenue of $3.07 million during the quarter.

Permian Basin Royalty Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.0188 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 2.01%. Permian Basin Royalty Trust's payout ratio is currently 44.90%.

Permian Basin Royalty Trust Company Profile

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in Permian Basin Royalty Trust Right Now?

Before you consider Permian Basin Royalty Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permian Basin Royalty Trust wasn't on the list.

While Permian Basin Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines