Permian Basin Royalty Trust (NYSE:PBT) Trading 4.4% Higher - Should You Buy?

Key Points

• Shares of Permian Basin Royalty Trust (NYSE:PBT) increased by 4.4%, reaching a trading high of $15.66, following a previous close of $15.00.
• The company reported earnings of $0.05 per share and had a remarkable 89.90% net margin alongside a return on equity of 9,737.65%.
• Permian Basin Royalty Trust recently declared a $0.0153 dividend, leading to a significant yield of 145.0%, an increase from their prior dividend of $0.01.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) shot up 4.4% during trading on Tuesday . The stock traded as high as $15.60 and last traded at $15.66. 129,116 shares traded hands during trading, a decline of 13% from the average session volume of 147,996 shares. The stock had previously closed at $15.00.

Permian Basin Royalty Trust Stock Up 4.6%

The stock has a market cap of $764.15 million, a P/E ratio of 45.54 and a beta of 0.59. The business's 50-day simple moving average is $13.60 and its two-hundred day simple moving average is $11.49.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The oil and gas producer reported $0.05 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 89.90% and a return on equity of 9,737.65%. The company had revenue of $3.11 million during the quarter.

Permian Basin Royalty Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were issued a dividend of $0.0153 per share. This is a positive change from Permian Basin Royalty Trust's previous dividend of $0.01. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 145.0%. Permian Basin Royalty Trust's payout ratio is currently 52.78%.

Institutional Trading of Permian Basin Royalty Trust

A number of institutional investors have recently added to or reduced their stakes in PBT. NewEdge Advisors LLC increased its holdings in Permian Basin Royalty Trust by 53.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,762 shares of the oil and gas producer's stock worth $47,000 after acquiring an additional 1,304 shares during the period. Golden State Wealth Management LLC increased its holdings in Permian Basin Royalty Trust by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,892 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 2,446 shares during the period. JPMorgan Chase & Co. increased its holdings in Permian Basin Royalty Trust by 88.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,782 shares of the oil and gas producer's stock worth $53,000 after acquiring an additional 2,250 shares during the period. Sunbelt Securities Inc. increased its holdings in Permian Basin Royalty Trust by 7,352.9% during the 1st quarter. Sunbelt Securities Inc. now owns 6,335 shares of the oil and gas producer's stock worth $63,000 after acquiring an additional 6,250 shares during the period. Finally, Access Investment Management LLC bought a new stake in Permian Basin Royalty Trust during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 28.86% of the company's stock.

Permian Basin Royalty Trust Company Profile

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.