Permian Basin Royalty Trust (NYSE:PBT) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 316,200 shares, an increase of 18.6% from the September 30th total of 266,600 shares. Based on an average daily volume of 133,000 shares, the short-interest ratio is presently 2.4 days. Currently, 0.7% of the shares of the company are sold short.
Shares of Permian Basin Royalty Trust stock traded down $0.12 during trading on Thursday, hitting $3.85. 175,400 shares of the company’s stock were exchanged, compared to its average volume of 113,071. The business has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $5.26. Permian Basin Royalty Trust has a 52-week low of $3.81 and a 52-week high of $8.50. The stock has a market capitalization of $184.02 million, a price-to-earnings ratio of 8.12 and a beta of 0.80.
The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.0277 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.33 annualized dividend and a dividend yield of 8.64%.
Permian Basin Royalty Trust Company Profile
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.
Further Reading: What is a Leveraged Buyout (LBO)?
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