BWM Planning LLC Acquires Shares of 103,725 Permian Basin Royalty Trust (NYSE:PBT)

BWM Planning LLC bought a new position in Permian Basin Royalty Trust (NYSE:PBT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 103,725 shares of the oil and gas producer’s stock, valued at approximately $1,233,000. BWM Planning LLC owned 0.22% of Permian Basin Royalty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PBT. PFG Investments LLC boosted its position in Permian Basin Royalty Trust by 8.1% in the 2nd quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer’s stock valued at $210,000 after buying an additional 1,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Permian Basin Royalty Trust by 5.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock valued at $247,000 after buying an additional 1,150 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Permian Basin Royalty Trust during the first quarter worth approximately $306,000. Commonwealth Equity Services LLC increased its stake in shares of Permian Basin Royalty Trust by 3.8% in the second quarter. Commonwealth Equity Services LLC now owns 75,375 shares of the oil and gas producer’s stock worth $849,000 after buying an additional 2,761 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Permian Basin Royalty Trust in the second quarter valued at $1,303,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Price Performance

PBT stock traded up $0.32 during mid-day trading on Friday, hitting $11.70. 11,646 shares of the company were exchanged, compared to its average volume of 125,675. The firm has a fifty day simple moving average of $11.26 and a 200 day simple moving average of $11.70. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $21.46.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share for the quarter. The firm had revenue of $8.83 million during the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.0507 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Monday, September 30th. Permian Basin Royalty Trust’s dividend payout ratio is presently 89.71%.

Permian Basin Royalty Trust 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.