Permian Basin Royalty Trust (NYSE:PBT) Trading Down 4.1%

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) was down 4.1% on Monday . The company traded as low as $14.31 and last traded at $14.40. Approximately 68,374 shares were traded during trading, a decline of 48% from the average daily volume of 131,209 shares. The stock had previously closed at $15.01.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PBT shares. TheStreet lowered Permian Basin Royalty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. StockNews.com initiated coverage on Permian Basin Royalty Trust in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on Permian Basin Royalty Trust

Permian Basin Royalty Trust Trading Up 1.4 %

The stock has a 50 day simple moving average of $15.15 and a 200 day simple moving average of $19.06. The stock has a market cap of $683.77 million, a P/E ratio of 23.66 and a beta of 0.68.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.07 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 13,208.86% and a net margin of 96.27%. The firm had revenue of $3.34 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.031 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.37 dividend on an annualized basis and a yield of 2.54%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is presently 204.84%.

Institutional Investors Weigh In On Permian Basin Royalty Trust

A number of large investors have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Permian Basin Royalty Trust by 3.9% in the 3rd quarter. State Street Corp now owns 15,534 shares of the oil and gas producer’s stock valued at $257,000 after purchasing an additional 589 shares in the last quarter. UBS Group AG boosted its holdings in shares of Permian Basin Royalty Trust by 3.3% during the 2nd quarter. UBS Group AG now owns 18,887 shares of the oil and gas producer’s stock valued at $312,000 after acquiring an additional 597 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Permian Basin Royalty Trust by 0.7% during the 1st quarter. LPL Financial LLC now owns 88,399 shares of the oil and gas producer’s stock valued at $2,157,000 after acquiring an additional 622 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Permian Basin Royalty Trust by 87.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,461 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 681 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Permian Basin Royalty Trust by 8.4% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 10,300 shares of the oil and gas producer’s stock valued at $257,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 28.12% of the company’s stock.

About Permian Basin Royalty Trust

(Get Free Report)

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian), and Waddell fields located in Crane County, Texas.

Further Reading

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