PermRock Royalty Trust (PRT) To Go Ex-Dividend on December 31st

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, December 19th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.0164 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years.

PermRock Royalty Trust Stock Up 0.1%

Shares of NYSE PRT opened at $3.84 on Friday. The stock has a market cap of $46.67 million, a PE ratio of 9.13 and a beta of 0.66. PermRock Royalty Trust has a 52-week low of $3.37 and a 52-week high of $4.63. The business has a 50-day moving average price of $3.90 and a 200 day moving average price of $3.96.

PermRock Royalty Trust (NYSE:PRT) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.09 EPS for the quarter. PermRock Royalty Trust had a return on equity of 7.24% and a net margin of 85.31%.The company had revenue of $1.26 million for the quarter.

Institutional Trading of PermRock Royalty Trust

A hedge fund recently bought a new stake in PermRock Royalty Trust stock. Ameriflex Group Inc. acquired a new position in shares of PermRock Royalty Trust (NYSE:PRT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $40,000. Ameriflex Group Inc. owned about 0.08% of PermRock Royalty Trust as of its most recent filing with the SEC. 41.67% of the stock is owned by institutional investors.

About PermRock Royalty Trust

PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.

The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.