Mad River Investors Buys 12,209 Shares of Permian Basin Royalty Trust (NYSE:PBT)

Mad River Investors grew its position in Permian Basin Royalty Trust (NYSE:PBT) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 276,382 shares of the oil and gas producer’s stock after purchasing an additional 12,209 shares during the period. Permian Basin Royalty Trust comprises approximately 1.8% of Mad River Investors’ holdings, making the stock its 13th biggest holding. Mad River Investors owned about 0.59% of Permian Basin Royalty Trust worth $3,286,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avondale Wealth Management acquired a new stake in Permian Basin Royalty Trust during the 3rd quarter valued at $113,000. Ironwood Financial llc bought a new position in shares of Permian Basin Royalty Trust in the third quarter valued at about $220,000. PFG Investments LLC lifted its position in Permian Basin Royalty Trust by 8.1% during the 2nd quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer’s stock worth $210,000 after buying an additional 1,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in 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 worth $247,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Permian Basin Royalty Trust during the 1st quarter worth about $306,000. Institutional investors and hedge funds own 28.86% of the company’s stock.

Permian Basin Royalty Trust Trading Down 0.8 %

Shares of NYSE PBT traded down $0.09 during trading on Wednesday, reaching $11.58. The company had a trading volume of 94,544 shares, compared to its average volume of 125,698. Permian Basin Royalty Trust has a 52 week low of $10.14 and a 52 week high of $20.39. The business’s 50 day moving average price is $11.43 and its 200-day moving average price is $11.66.

Permian Basin Royalty Trust (NYSE:PBT) last posted 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 net margin of 96.28% and a return on equity of 15,940.96%.

Permian Basin Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, October 31st. Permian Basin Royalty Trust’s dividend payout ratio is 89.71%.

Permian Basin Royalty Trust Company 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.