Permian Basin Royalty Trust - PBT Stock Forecast, Price & News

Permian Basin Royalty Trust's stock was trading at $25.20 at the beginning of 2023. Since then, PBT stock has decreased by 6.4% and is now trading at $23.58.
View the best growth stocks for 2023 here.

Permian Basin Royalty Trust saw a decrease in short interest in January. As of January 15th, there was short interest totaling 341,300 shares, a decrease of 44.0% from the December 31st total of 609,300 shares. Based on an average daily volume of 315,100 shares, the short-interest ratio is currently 1.1 days.
View Permian Basin Royalty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our PBT earnings forecast.

Permian Basin Royalty Trust (NYSE:PBT) announced its quarterly earnings data on Monday, November, 14th. The oil and gas producer reported $0.58 earnings per share for the quarter. The oil and gas producer earned $27.34 million during the quarter. Permian Basin Royalty Trust had a net margin of 97.85% and a trailing twelve-month return on equity of 12,528.51%.

Permian Basin Royalty Trust declared a monthly dividend on Friday, January 20th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.037 per share on Tuesday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for PBT.

Permian Basin Royalty Trust (NYSE:PBT) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.79%.
Read our dividend analysis for PBT.

Based on aggregate information from My MarketBeat watchlists, some companies that other Permian Basin Royalty Trust investors own include Exxon Mobil (XOM), Coeur Mining (CDE), AbbVie (ABBV), Callon Petroleum (CPE), Enterprise Products Partners (EPD), Energy Transfer (ET), Range Resources (RRC), AT&T (T), Pembina Pipeline (PBA) and Marathon Petroleum (MPC).

Permian Basin Royalty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBT."

Permian Basin Royalty Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include Foundation Resource Management Inc. (1.48%), Sinecera Capital LLC (0.26%), Beese Fulmer Investment Management Inc. (0.09%), Capital Investment Advisors LLC (0.05%) and Titleist Asset Management LTD. (0.02%).

Shares of PBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PBT stock can currently be purchased for approximately $23.58.

Permian Basin Royalty Trust (NYSE:PBT) has a market capitalization of $1.10 billion and generates $11.81 million in revenue each year.

Permian Basin Royalty Trust's mailing address is 2911 Turtle Creek Boulevard Suite 850, Dallas TX, 75219. The official website for the company is www.pbt-permian.com. The oil and gas producer can be reached via phone at (855) 588-7839, via email at trustee@pbt-permian.com, or via fax at 214-559-7010.