Permian Basin Royalty Trust (NYSE:PBT) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Permian Basin Royalty Trust (NYSE:PBT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.63 and traded as high as $19.00. Permian Basin Royalty Trust shares last traded at $18.8710, with a volume of 45,889 shares changing hands.

Permian Basin Royalty Trust Price Performance

The business has a 50-day simple moving average of $17.96 and a two-hundred day simple moving average of $17.65. The stock has a market cap of $879.58 million, a price-to-earnings ratio of 55.50 and a beta of 0.46.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Thursday, November 13th. The oil and gas producer reported $0.15 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 9,354.51% and a net margin of 88.68%.The company had revenue of $7.27 million during the quarter.

Permian Basin Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.0401 dividend. The ex-dividend date of this dividend was Friday, January 30th. This is a boost from Permian Basin Royalty Trust’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 2.5%. Permian Basin Royalty Trust’s payout ratio is currently 141.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in Permian Basin Royalty Trust during the fourth quarter worth approximately $28,000. Walleye Capital LLC acquired a new stake in Permian Basin Royalty Trust during the 4th quarter worth approximately $211,000. HRT Financial LP boosted its stake in Permian Basin Royalty Trust by 540.8% in the 4th quarter. HRT Financial LP now owns 86,939 shares of the oil and gas producer’s stock valued at $1,476,000 after purchasing an additional 73,371 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in Permian Basin Royalty Trust by 1.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 6,187,800 shares of the oil and gas producer’s stock valued at $105,069,000 after buying an additional 88,751 shares in the last quarter. Finally, State of Wyoming increased its position in Permian Basin Royalty Trust by 34.6% during the 4th quarter. State of Wyoming now owns 44,257 shares of the oil and gas producer’s stock worth $751,000 after buying an additional 11,383 shares during the period. Institutional investors and hedge funds own 28.86% of the company’s stock.

About Permian Basin Royalty Trust

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.