Steward Partners Investment Advisory LLC lifted its position in Permian Basin Royalty Trust (NYSE:PBT – Free Report) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,467 shares of the oil and gas producer’s stock after buying an additional 9,179 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.06% of Permian Basin Royalty Trust worth $326,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Permian Basin Royalty Trust in the 4th quarter valued at $27,000. Prospera Private Wealth LLC bought a new position in Permian Basin Royalty Trust during the 3rd quarter worth approximately $110,000. Stratos Wealth Partners LTD. bought a new position in Permian Basin Royalty Trust during the 4th quarter worth approximately $121,000. Atria Wealth Solutions Inc. bought a new position in Permian Basin Royalty Trust in the fourth quarter valued at approximately $127,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Permian Basin Royalty Trust in the third quarter valued at approximately $167,000. 28.86% of the stock is currently owned by institutional investors and hedge funds.
Permian Basin Royalty Trust Stock Performance
Shares of Permian Basin Royalty Trust stock opened at $9.82 on Friday. The firm has a 50-day moving average of $11.08 and a 200-day moving average of $11.55. The stock has a market cap of $457.47 million, a PE ratio of 12.58 and a beta of 0.72. Permian Basin Royalty Trust has a 52-week low of $9.43 and a 52-week high of $14.58.
Permian Basin Royalty Trust Cuts Dividend
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.
View Our Latest Stock Report on PBT
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.
Recommended Stories
- Five stocks we like better than Permian Basin Royalty Trust
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Why Invest in High-Yield Dividend Stocks?
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- How to Most Effectively Use the MarketBeat Earnings Screener
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Permian Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.