Permian Basin Royalty Trust (NYSE:PBT) Announces Monthly Dividend of $0.02

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, November 17th. Shareholders of record on Friday, November 28th will be given a dividend of 0.0192 per share by the oil and gas producer on Friday, December 12th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th.

Permian Basin Royalty Trust has increased its dividend by an average of 0.1%annually over the last three years.

Permian Basin Royalty Trust Trading Down 5.6%

Shares of NYSE PBT opened at $19.29 on Tuesday. The stock has a market cap of $899.09 million, a P/E ratio of 53.58 and a beta of 0.59. Permian Basin Royalty Trust has a twelve month low of $8.01 and a twelve month high of $20.46. The stock has a 50 day moving average of $18.18 and a two-hundred day moving average of $14.88.

Permian Basin Royalty Trust (NYSE:PBT) last announced its earnings results on Thursday, November 13th. The oil and gas producer reported $0.15 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 89.90% and a return on equity of 9,737.65%. The business had revenue of $7.27 million for the quarter.

Hedge Funds Weigh In On Permian Basin Royalty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Sense Advisors Inc. raised its position in Permian Basin Royalty Trust by 25.0% during the 1st quarter. Financial Sense Advisors Inc. now owns 25,000 shares of the oil and gas producer’s stock worth $248,000 after buying an additional 5,000 shares during the last quarter. State of Wyoming increased its stake in shares of Permian Basin Royalty Trust by 72.8% during the first quarter. State of Wyoming now owns 31,113 shares of the oil and gas producer’s stock worth $308,000 after acquiring an additional 13,105 shares during the period. Promethium Advisors LLC raised its holdings in Permian Basin Royalty Trust by 46.4% during the first quarter. Promethium Advisors LLC now owns 131,829 shares of the oil and gas producer’s stock worth $1,306,000 after purchasing an additional 41,797 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Permian Basin Royalty Trust in the second quarter valued at about $147,000. Finally, Stratos Wealth Partners LTD. lifted its position in Permian Basin Royalty Trust by 90.3% in the second quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the oil and gas producer’s stock valued at $253,000 after purchasing an additional 9,620 shares during the period. 28.86% of the stock is currently owned by hedge funds and other institutional investors.

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.