Stratos Wealth Partners LTD. Takes Position in Permian Basin Royalty Trust (NYSE:PBT)

Stratos Wealth Partners LTD. bought a new stake in Permian Basin Royalty Trust (NYSE:PBT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,936 shares of the oil and gas producer’s stock, valued at approximately $121,000.

A number of other large investors have also added to or reduced their stakes in PBT. Atlas Wealth Partners LLC purchased a new position in Permian Basin Royalty Trust in the 3rd quarter valued at about $758,000. EagleClaw Capital Managment LLC boosted its holdings in Permian Basin Royalty Trust by 2.3% in the third quarter. EagleClaw Capital Managment LLC now owns 41,375 shares of the oil and gas producer’s stock valued at $492,000 after purchasing an additional 925 shares during the last quarter. Moors & Cabot Inc. grew its stake in Permian Basin Royalty Trust by 16.3% during the 3rd quarter. Moors & Cabot Inc. now owns 535,151 shares of the oil and gas producer’s stock valued at $6,363,000 after purchasing an additional 75,064 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in Permian Basin Royalty Trust by 23.0% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 1,402,402 shares of the oil and gas producer’s stock worth $16,647,000 after purchasing an additional 262,233 shares during the last quarter. Finally, Mad River Investors raised its position in shares of Permian Basin Royalty Trust by 4.6% in the 3rd quarter. Mad River Investors now owns 276,382 shares of the oil and gas producer’s stock valued at $3,286,000 after purchasing an additional 12,209 shares in the last quarter. 28.86% of the stock is owned by institutional investors and hedge funds.

Permian Basin Royalty Trust Price Performance

Shares of PBT stock opened at $11.00 on Friday. The firm has a fifty day moving average of $11.45 and a two-hundred day moving average of $11.60. The firm has a market cap of $512.90 million, a P/E ratio of 14.11 and a beta of 0.70. Permian Basin Royalty Trust has a 1-year low of $10.14 and a 1-year high of $14.58.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas producer reported $0.17 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%. The business had revenue of $8.37 million during the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.0205 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.25 annualized dividend and a dividend yield of 2.24%. Permian Basin Royalty Trust’s payout ratio is 32.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Permian Basin Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.