SandRidge Permian Trust (PER) Position Held by California Public Employees Retirement System
California Public Employees Retirement System maintained its position in shares of SandRidge Permian Trust (NYSE:PER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,300 shares of the oil and gas producer’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned about 0.33% of SandRidge Permian Trust worth $503,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Cambridge Investment Research Advisors Inc. acquired a new position in SandRidge Permian Trust during the second quarter worth approximately $131,000. 4.24% of the stock is owned by institutional investors.
SandRidge Permian Trust (NYSE PER) opened at $2.65 on Wednesday. The firm has a market capitalization of $139.13, a P/E ratio of 5.30 and a beta of 0.71. SandRidge Permian Trust has a 12-month low of $2.65 and a 12-month high of $4.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 14.34%. The ex-dividend date of this dividend is Thursday, November 9th. SandRidge Permian Trust’s dividend payout ratio (DPR) is presently 76.00%.
SandRidge Permian Trust Company Profile
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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