PFG Investments LLC Has $210,000 Holdings in Permian Basin Royalty Trust (NYSE:PBT)

PFG Investments LLC trimmed its stake in Permian Basin Royalty Trust (NYSE:PBT) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,666 shares of the oil and gas producer’s stock after selling 1,000 shares during the quarter. PFG Investments LLC’s holdings in Permian Basin Royalty Trust were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. increased its stake in Permian Basin Royalty Trust by 23.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 1,402,402 shares of the oil and gas producer’s stock valued at $16,647,000 after buying an additional 262,233 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Permian Basin Royalty Trust by 1,089.0% during the third quarter. International Assets Investment Management LLC now owns 8,323 shares of the oil and gas producer’s stock worth $99,000 after acquiring an additional 7,623 shares in the last quarter. Mad River Investors boosted its position in Permian Basin Royalty Trust by 4.6% during the third quarter. Mad River Investors now owns 276,382 shares of the oil and gas producer’s stock valued at $3,286,000 after purchasing an additional 12,209 shares during the last quarter. Atlas Wealth Partners LLC purchased a new position in Permian Basin Royalty Trust in the third quarter valued at about $758,000. Finally, Ironwood Financial llc acquired a new position in Permian Basin Royalty Trust in the 3rd quarter worth about $220,000. 28.86% of the stock is currently owned by institutional investors and hedge funds.

Permian Basin Royalty Trust Price Performance

Shares of Permian Basin Royalty Trust stock opened at $10.79 on Friday. The firm has a market cap of $502.92 million, a price-to-earnings ratio of 15.87 and a beta of 0.56. The stock has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.62. Permian Basin Royalty Trust has a 52-week low of $10.14 and a 52-week high of $20.00.

Permian Basin Royalty Trust (NYSE:PBT) last posted its earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) 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 during the quarter.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, October 31st. Permian Basin Royalty Trust’s payout ratio is 52.94%.

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.