Wolverine Trading LLC Acquires Shares of 16,318 Permian Basin Royalty Trust (NYSE:PBT)

Wolverine Trading LLC acquired a new stake in Permian Basin Royalty Trust (NYSE:PBT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,318 shares of the oil and gas producer’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also modified their holdings of PBT. Essex Financial Services Inc. bought a new position in Permian Basin Royalty Trust in the 2nd quarter valued at $1,166,000. Capital Analysts LLC raised its position in Permian Basin Royalty Trust by 14,777.9% in the 1st quarter. Capital Analysts LLC now owns 159,193 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 158,123 shares during the last quarter. Morgan Stanley raised its position in shares of Permian Basin Royalty Trust by 154.2% during the first quarter. Morgan Stanley now owns 123,558 shares of the oil and gas producer’s stock worth $492,000 after acquiring an additional 74,957 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Permian Basin Royalty Trust during the first quarter worth $58,000. Finally, Virtu Financial LLC bought a new stake in shares of Permian Basin Royalty Trust during the first quarter worth $51,000. Hedge funds and other institutional investors own 9.46% of the company’s stock.

PBT stock opened at $5.27 on Tuesday. The company has a market cap of $245.63 million, a P/E ratio of 16.94 and a beta of 1.20. Permian Basin Royalty Trust has a twelve month low of $2.11 and a twelve month high of $5.71. The business has a fifty day moving average of $5.26 and a 200-day moving average of $4.73.

Permian Basin Royalty Trust (NYSE:PBT) last released its earnings results on Monday, August 16th. The oil and gas producer reported $0.06 earnings per share for the quarter. The company had revenue of $2.94 million during the quarter. Permian Basin Royalty Trust had a return on equity of 2,018.33% and a net margin of 90.39%.

The company also recently announced a monthly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.02 per share. The ex-dividend date was Monday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.55%.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust operates as a trust of Southwest Bank. It holds interests in Texas Royalty and Waddell Ranch properties. The company was founded on November 1, 1980 and is headquartered in Dallas, TX.

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Institutional Ownership by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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