Permian Basin Royalty Trust Declares Monthly Dividend of $0.09 (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Friday, April 19th, investing.com reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0882 per share by the oil and gas producer on Tuesday, May 14th. This represents a $1.06 annualized dividend and a dividend yield of 8.73%. The ex-dividend date of this dividend is Monday, April 29th.

Permian Basin Royalty Trust has increased its dividend payment by an average of 36.7% per year over the last three years.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE:PBT opened at $12.13 on Friday. Permian Basin Royalty Trust has a 52 week low of $10.95 and a 52 week high of $27.15. The company’s fifty day moving average is $12.75 and its 200-day moving average is $15.33. The company has a market capitalization of $565.38 million, a PE ratio of 20.22 and a beta of 0.59.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 96.16% and a return on equity of 13,667.19%. The company had revenue of $14.44 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBT. Advisor Group Holdings Inc. lifted its position in Permian Basin Royalty Trust by 1,052.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 41,496 shares of the oil and gas producer’s stock worth $210,000 after buying an additional 37,895 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Permian Basin Royalty Trust by 108.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 52,536 shares of the oil and gas producer’s stock worth $657,000 after buying an additional 27,329 shares in the last quarter. HighTower Advisors LLC acquired a new position in Permian Basin Royalty Trust during the 1st quarter worth about $148,000. Sowell Financial Services LLC acquired a new position in Permian Basin Royalty Trust during the 1st quarter worth about $1,934,000. Finally, PEAK6 Investments LLC acquired a new position in Permian Basin Royalty Trust during the 1st quarter worth about $143,000. Institutional investors and hedge funds own 28.86% of the company’s stock.

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.