Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) shares traded up 4% during trading on Monday . The company traded as high as $11.84 and last traded at $11.84. 62,740 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 125,273 shares. The stock had previously closed at $11.39.
Permian Basin Royalty Trust Price Performance
The business has a 50-day moving average price of $11.20 and a 200 day moving average price of $11.81.
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%. The firm had revenue of $8.83 million for the quarter.
Permian Basin Royalty Trust Cuts Dividend
Institutional Trading of Permian Basin Royalty Trust
A number of hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC purchased a new position in Permian Basin Royalty Trust in the 4th quarter worth approximately $163,000. PFG Investments LLC raised its holdings in Permian Basin Royalty Trust by 8.1% in the 2nd quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer’s stock worth $210,000 after acquiring an additional 1,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Permian Basin Royalty Trust by 5.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock worth $247,000 after acquiring an additional 1,150 shares during the last quarter. Virtu Financial LLC purchased a new position in Permian Basin Royalty Trust in the 1st quarter worth approximately $306,000. Finally, Russell Investments Group Ltd. raised its holdings in Permian Basin Royalty Trust by 18.5% in the 4th quarter. Russell Investments Group Ltd. now owns 28,802 shares of the oil and gas producer’s stock worth $402,000 after acquiring an additional 4,498 shares during the last quarter. 28.86% of the stock is owned by institutional investors.
About Permian Basin Royalty Trust
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.
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