Permian Basin Royalty Trust (NYSE:PBT) Trading Up 4%

Permian Basin Royalty Trust (NYSE:PBT)’s stock price was up 4% during mid-day trading on Monday . The company traded as high as $11.84 and last traded at $11.84. Approximately 62,740 shares traded hands during trading, a decline of 50% from the average daily volume of 125,273 shares. The stock had previously closed at $11.39.

Permian Basin Royalty Trust Trading Up 1.1 %

The business has a fifty day moving average of $11.20 and a 200-day moving average of $11.81.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%. The company had revenue of $8.83 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.052 per share. The ex-dividend date was Friday, August 30th. This represents a $0.62 annualized dividend and a yield of 5.27%. Permian Basin Royalty Trust’s payout ratio is 100.00%.

Institutional Trading of Permian Basin Royalty Trust

Large investors have recently bought and sold shares of the company. Aristides Capital LLC bought a new stake in Permian Basin Royalty Trust during the 4th quarter valued at approximately $163,000. PFG Investments LLC boosted its position in Permian Basin Royalty Trust by 8.1% during the 2nd quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer’s stock valued at $210,000 after acquiring an additional 1,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Permian Basin Royalty Trust by 5.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock valued at $247,000 after acquiring an additional 1,150 shares in the last quarter. Virtu Financial LLC bought a new stake in Permian Basin Royalty Trust during the 1st quarter valued at approximately $306,000. Finally, Russell Investments Group Ltd. boosted its position in Permian Basin Royalty Trust by 18.5% during the 4th quarter. Russell Investments Group Ltd. now owns 28,802 shares of the oil and gas producer’s stock valued at $402,000 after acquiring an additional 4,498 shares in the last quarter. 28.86% of the stock is owned by institutional investors.

About Permian Basin Royalty Trust

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.