Hillsdale Investment Management Inc. bought a new position in Permian Basin Royalty Trust (NYSE:PBT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,420 shares of the oil and gas producer’s stock, valued at approximately $265,000. Hillsdale Investment Management Inc. owned 0.07% of Permian Basin Royalty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PBT. Sigma Planning Corp raised its holdings in Permian Basin Royalty Trust by 1.5% in the 2nd quarter. Sigma Planning Corp now owns 12,804 shares of the oil and gas producer’s stock valued at $111,000 after acquiring an additional 193 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Permian Basin Royalty Trust during the 2nd quarter worth $136,000. Hancock Holding Co. acquired a new stake in shares of Permian Basin Royalty Trust during the second quarter worth $182,000. Blair William & Co. IL grew its position in shares of Permian Basin Royalty Trust by 13.5% in the second quarter. Blair William & Co. IL now owns 21,000 shares of the oil and gas producer’s stock valued at $183,000 after purchasing an additional 2,500 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Permian Basin Royalty Trust by 9.1% in the second quarter. Wells Fargo & Company MN now owns 86,483 shares of the oil and gas producer’s stock valued at $752,000 after purchasing an additional 7,219 shares during the period. Institutional investors own 10.49% of the company’s stock.

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Shares of Permian Basin Royalty Trust (PBT) opened at 8.65 on Tuesday. The stock has a market cap of $403.16 million, a PE ratio of 13.64 and a beta of 0.66. Permian Basin Royalty Trust has a 12-month low of $6.66 and a 12-month high of $10.30. The firm has a 50-day moving average price of $8.40 and a 200 day moving average price of $9.11.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share for the quarter. The business had revenue of $7.48 million for the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.55%. Permian Basin Royalty Trust’s dividend payout ratio is 76.19%.

Separately, BidaskClub downgraded Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

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

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