Shares of Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.00 and traded as high as $11.42. Permian Basin Royalty Trust shares last traded at $11.34, with a volume of 67,438 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.
Read Our Latest Stock Report on Permian Basin Royalty Trust
Permian Basin Royalty Trust Stock Performance
The stock's fifty day simple moving average is $10.13 and its 200-day simple moving average is $10.96. The stock has a market cap of $513.77 million, a P/E ratio of 14.13 and a beta of 0.56.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last released its quarterly earnings data 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 96.32% and a return on equity of 17,811.24%. The business had revenue of $3.07 million during the quarter.
Permian Basin Royalty Trust Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid 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 currently 44.90%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PBT. Stratos Wealth Partners LTD. purchased a new stake in shares of Permian Basin Royalty Trust in the fourth quarter valued at about $121,000. Golden State Wealth Management LLC bought a new position in Permian Basin Royalty Trust during the fourth quarter worth about $27,000. Atlas Wealth Partners LLC boosted its position in Permian Basin Royalty Trust by 4.0% during the fourth quarter. Atlas Wealth Partners LLC now owns 66,098 shares of the oil and gas producer's stock worth $730,000 after purchasing an additional 2,542 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Permian Basin Royalty Trust in the fourth quarter valued at approximately $127,000. Finally, Hosking Partners LLP boosted its position in shares of Permian Basin Royalty Trust by 28.3% in the fourth quarter. Hosking Partners LLP now owns 307,551 shares of the oil and gas producer's stock valued at $3,408,000 after acquiring an additional 67,858 shares during the period. 28.86% of the stock is owned by institutional investors.
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.
Further Reading
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