Two Sigma Advisers LP increased its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,033 shares of the oil and gas producer’s stock after acquiring an additional 14,700 shares during the period. Two Sigma Advisers LP’s holdings in Permian Basin Royalty Trust were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PBT. GSA Capital Partners LLP acquired a new position in shares of Permian Basin Royalty Trust in the 4th quarter valued at $91,000. Virtu Financial LLC acquired a new position in shares of Permian Basin Royalty Trust in the 4th quarter valued at $180,000. Two Sigma Investments LP acquired a new position in shares of Permian Basin Royalty Trust in the 4th quarter valued at $646,000. Finally, FMR LLC lifted its stake in shares of Permian Basin Royalty Trust by 5.0% in the 3rd quarter. FMR LLC now owns 343,150 shares of the oil and gas producer’s stock valued at $2,731,000 after purchasing an additional 16,461 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Separately, TheStreet raised Permian Basin Royalty Trust from a “c+” rating to a “b” rating in a research note on Wednesday, February 27th.

PBT opened at $6.89 on Tuesday. Permian Basin Royalty Trust has a 1 year low of $5.52 and a 1 year high of $10.17. The stock has a market capitalization of $323.94 million, a price-to-earnings ratio of 10.45 and a beta of 0.86.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a $0.018 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Monday, April 29th.

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Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.

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

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