Permian Basin Royalty Trust (NYSE:PBT) Sees Unusually-High Trading Volume

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) saw strong trading volume on Tuesday . 55,944 shares were traded during trading, a decline of 61% from the previous session’s volume of 143,646 shares.The stock last traded at $12.54 and had previously closed at $12.41.

Permian Basin Royalty Trust Stock Up 0.6 %

The stock has a market cap of $582.16 million, a PE ratio of 20.82 and a beta of 0.59. The firm has a 50 day moving average price of $13.22 and a 200 day moving average price of $16.07.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 EPS for the quarter. The firm had revenue of $14.44 million for the quarter. Permian Basin Royalty Trust had a return on equity of 13,667.19% and a net margin of 96.16%.

Permian Basin Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a dividend of $0.041 per share. This represents a $0.49 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Wednesday, March 27th. Permian Basin Royalty Trust’s payout ratio is currently 83.33%.

Institutional Investors Weigh In On Permian Basin Royalty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Permian Basin Royalty Trust by 21,188.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,907 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Permian Basin Royalty Trust by 87.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,461 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 681 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Permian Basin Royalty Trust by 1,296.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 2,592 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Permian Basin Royalty Trust by 222.0% during the third quarter. Global Retirement Partners LLC now owns 2,618 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 1,805 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Permian Basin Royalty Trust by 78.9% during the second quarter. JPMorgan Chase & Co. now owns 3,400 shares of the oil and gas producer’s stock worth $56,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Company Profile

(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.

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