Raymond James & Associates Has $734,000 Position in Permian Basin Royalty Trust (NYSE:PBT)

Raymond James & Associates lessened its position in Permian Basin Royalty Trust (NYSE:PBTFree Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,605 shares of the oil and gas producer’s stock after selling 16,695 shares during the period. Raymond James & Associates owned about 0.11% of Permian Basin Royalty Trust worth $734,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in Permian Basin Royalty Trust by 4.5% in the third quarter. LPL Financial LLC now owns 175,257 shares of the oil and gas producer’s stock valued at $3,724,000 after buying an additional 7,498 shares in the last quarter. UBS Group AG grew its position in Permian Basin Royalty Trust by 1.5% during the 3rd quarter. UBS Group AG now owns 479,363 shares of the oil and gas producer’s stock worth $10,186,000 after acquiring an additional 7,142 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Permian Basin Royalty Trust during the 3rd quarter valued at $421,000. Kingswood Wealth Advisors LLC bought a new position in Permian Basin Royalty Trust in the 3rd quarter valued at $3,021,000. Finally, Hosking Partners LLP boosted its stake in Permian Basin Royalty Trust by 6.0% in the third quarter. Hosking Partners LLP now owns 470,891 shares of the oil and gas producer’s stock worth $10,006,000 after purchasing an additional 26,826 shares in the last quarter. Institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE:PBT opened at $12.50 on Wednesday. The business has a fifty day moving average of $12.68 and a 200-day moving average of $15.15. Permian Basin Royalty Trust has a twelve month low of $10.95 and a twelve month high of $27.15. The firm has a market cap of $582.61 million, a PE ratio of 20.83 and a beta of 0.59.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $14.44 million for the quarter.

Permian Basin Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a $0.0882 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.47%. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is currently 175.00%.

Permian Basin Royalty Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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