Napatree Capital LLC Takes $249,000 Position in Permian Basin Royalty Trust (NYSE:PBT)

Napatree Capital LLC purchased a new stake in Permian Basin Royalty Trust (NYSE:PBT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,563 shares of the oil and gas producer’s stock, valued at approximately $249,000.

A number of other institutional investors also recently modified their holdings of PBT. Golden State Wealth Management LLC bought a new position in Permian Basin Royalty Trust during the fourth quarter worth $27,000. Stratos Wealth Partners LTD. bought a new position in Permian Basin Royalty Trust during the fourth quarter worth $121,000. Atria Wealth Solutions Inc. bought a new position in Permian Basin Royalty Trust during the fourth quarter worth $127,000. Flow Traders U.S. LLC bought a new position in Permian Basin Royalty Trust during the third quarter worth $167,000. Finally, Avondale Wealth Management increased its position in Permian Basin Royalty Trust by 100.0% during the fourth quarter. Avondale Wealth Management now owns 19,000 shares of the oil and gas producer’s stock worth $211,000 after acquiring an additional 9,500 shares during the period. Institutional investors own 28.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Permian Basin Royalty Trust Trading Down 1.3 %

Shares of PBT stock opened at $10.03 on Monday. Permian Basin Royalty Trust has a 1 year low of $9.43 and a 1 year high of $14.26. The firm’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $11.50. The firm has a market capitalization of $467.49 million, a P/E ratio of 12.86 and a beta of 0.72.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings results on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%. The firm had revenue of $3.79 million for the quarter.

Permian Basin Royalty Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, March 31st. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 38.18%.

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.