Capital Analysts LLC Sells 23,020 Shares of Permian Basin Royalty Trust $PBT

Capital Analysts LLC decreased its position in Permian Basin Royalty Trust (NYSE:PBT) by 40.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,563 shares of the oil and gas producer’s stock after selling 23,020 shares during the period. Capital Analysts LLC owned 0.07% of Permian Basin Royalty Trust worth $865,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PBT. Sei Investments Co. grew its holdings in shares of Permian Basin Royalty Trust by 116.0% in the first quarter. Sei Investments Co. now owns 422,000 shares of the oil and gas producer’s stock valued at $9,081,000 after acquiring an additional 226,600 shares in the last quarter. Mad River Investors increased its position in shares of Permian Basin Royalty Trust by 7.0% during the fourth quarter. Mad River Investors now owns 986,819 shares of the oil and gas producer’s stock valued at $16,756,000 after acquiring an additional 64,589 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in Permian Basin Royalty Trust by 1.5% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 6,187,800 shares of the oil and gas producer’s stock worth $105,069,000 after acquiring an additional 88,751 shares during the period. Moors & Cabot Inc. lifted its holdings in Permian Basin Royalty Trust by 10.5% during the fourth quarter. Moors & Cabot Inc. now owns 585,746 shares of the oil and gas producer’s stock worth $9,946,000 after acquiring an additional 55,456 shares during the period. Finally, Lido Advisors LLC boosted its position in Permian Basin Royalty Trust by 3.5% in the fourth quarter. Lido Advisors LLC now owns 122,523 shares of the oil and gas producer’s stock worth $2,244,000 after purchasing an additional 4,182 shares during the last quarter. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Stock Up 0.5%

Permian Basin Royalty Trust stock opened at $35.45 on Friday. The firm has a 50 day moving average price of $31.19 and a 200-day moving average price of $26.57. Permian Basin Royalty Trust has a twelve month low of $16.25 and a twelve month high of $35.80. The company has a market capitalization of $1.65 billion, a P/E ratio of 101.30 and a beta of 0.50.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings results on Thursday, August 13th. The oil and gas producer reported $0.08 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 91.96% and a return on equity of 9,990.08%. The company had revenue of $4.18 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.0187 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 0.6%. Permian Basin Royalty Trust’s payout ratio is presently 62.86%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Permian Basin Royalty Trust in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Permian Basin Royalty Trust currently has an average rating of “Hold”.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.