52,534 Shares in Permian Basin Royalty Trust $PBT Bought by MOR Wealth Management LLC

MOR Wealth Management LLC acquired a new stake in shares of Permian Basin Royalty Trust (NYSE:PBT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,534 shares of the oil and gas producer’s stock, valued at approximately $892,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Creative Planning increased its stake in Permian Basin Royalty Trust by 14.5% in the 2nd quarter. Creative Planning now owns 14,995 shares of the oil and gas producer’s stock worth $187,000 after acquiring an additional 1,903 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Permian Basin Royalty Trust by 2,233.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 104,298 shares of the oil and gas producer’s stock valued at $1,300,000 after acquiring an additional 99,829 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Permian Basin Royalty Trust during the second quarter worth about $188,000. Quadrature Capital Ltd bought a new position in shares of Permian Basin Royalty Trust in the second quarter worth approximately $232,000. Finally, Virtus Investment Advisers LLC raised its stake in Permian Basin Royalty Trust by 7.1% in the second quarter. Virtus Investment Advisers LLC now owns 14,369 shares of the oil and gas producer’s stock valued at $179,000 after purchasing an additional 949 shares in the last quarter. 28.86% of the stock is currently owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Price Performance

PBT stock opened at $22.22 on Monday. Permian Basin Royalty Trust has a one year low of $8.01 and a one year high of $22.65. The stock has a market cap of $1.04 billion, a PE ratio of 69.45 and a beta of 0.43. The firm has a 50 day simple moving average of $19.71 and a two-hundred day simple moving average of $18.57.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings results on Friday, March 27th. The oil and gas producer reported $0.06 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 89.06% and a return on equity of 8,767.45%. The firm had revenue of $2.61 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.0107 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is currently 53.13%.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.