Permian Basin Royalty Trust (NYSE:PBT) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Permian Basin Royalty Trust (NYSE:PBT) by 1,089.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,323 shares of the oil and gas producer’s stock after acquiring an additional 7,623 shares during the quarter. International Assets Investment Management LLC’s holdings in Permian Basin Royalty Trust were worth $99,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avondale Wealth Management acquired a new position in Permian Basin Royalty Trust in the third quarter worth $113,000. 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 purchasing an additional 1,400 shares during the period. Ironwood Financial llc bought a new position in Permian Basin Royalty Trust during the 3rd quarter worth $220,000. Wealth Enhancement Advisory Services LLC increased its position in Permian Basin Royalty Trust by 5.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock worth $247,000 after buying an additional 1,150 shares during the period. Finally, Virtu Financial LLC bought a new stake in Permian Basin Royalty Trust in the first quarter valued at $306,000. 28.86% of the stock is currently owned by institutional investors.

Permian Basin Royalty Trust Stock Performance

Permian Basin Royalty Trust stock opened at $10.97 on Friday. Permian Basin Royalty Trust has a one year low of $10.14 and a one year high of $19.74. The company has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $11.58.

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. The company had revenue of $8.83 million during the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%.

Permian Basin Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.28%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 52.94%.

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.