Moors & Cabot Inc. Purchases 87,080 Shares of Permian Basin Royalty Trust (NYSE:PBT)

Moors & Cabot Inc. boosted its position in shares of Permian Basin Royalty Trust (NYSE:PBT) by 23.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 460,087 shares of the oil and gas producer’s stock after buying an additional 87,080 shares during the quarter. Moors & Cabot Inc.’s holdings in Permian Basin Royalty Trust were worth $5,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PBT. Schwartz Investment Counsel Inc. boosted its holdings in shares of Permian Basin Royalty Trust by 16.1% during the second quarter. Schwartz Investment Counsel Inc. now owns 1,140,169 shares of the oil and gas producer’s stock worth $12,793,000 after purchasing an additional 158,500 shares during the period. OFI Invest Asset Management purchased a new stake in Permian Basin Royalty Trust in the 2nd quarter worth approximately $1,303,000. Virtu Financial LLC purchased a new stake in Permian Basin Royalty Trust in the 1st quarter worth approximately $306,000. Commonwealth Equity Services LLC grew its position in shares of Permian Basin Royalty Trust by 45.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 72,614 shares of the oil and gas producer’s stock worth $879,000 after buying an additional 22,623 shares during the last quarter. Finally, Mad River Investors increased its stake in shares of Permian Basin Royalty Trust by 4.6% during the second quarter. Mad River Investors now owns 264,173 shares of the oil and gas producer’s stock valued at $2,975,000 after buying an additional 11,726 shares during the period. 28.86% of the stock is currently owned by institutional investors.

Permian Basin Royalty Trust Trading Up 2.5 %

NYSE:PBT opened at $11.68 on Tuesday. The firm’s fifty day simple moving average is $11.19 and its 200 day simple moving average is $11.82. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $22.50.

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

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.34%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 100.00%.

About Permian Basin Royalty Trust

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.