PermRock Royalty Trust (NYSE:PRT) Major Shareholder Boaz Energy Ii, Llc Sells 2,153 Shares

PermRock Royalty Trust (NYSE:PRTGet Rating) major shareholder Boaz Energy Ii, Llc sold 2,153 shares of the company’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $7.40, for a total transaction of $15,932.20. Following the completion of the sale, the insider now directly owns 5,439,273 shares of the company’s stock, valued at approximately $40,250,620.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Boaz Energy Ii, Llc also recently made the following trade(s):

  • On Wednesday, January 11th, Boaz Energy Ii, Llc sold 5,600 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.23, for a total transaction of $40,488.00.
  • On Monday, January 9th, Boaz Energy Ii, Llc sold 3,300 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.00, for a total transaction of $23,100.00.
  • On Thursday, January 5th, Boaz Energy Ii, Llc sold 1,700 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.98, for a total transaction of $11,866.00.
  • On Tuesday, January 3rd, Boaz Energy Ii, Llc sold 2,420 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $7.44, for a total transaction of $18,004.80.
  • On Tuesday, December 27th, Boaz Energy Ii, Llc sold 8,600 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $7.58, for a total transaction of $65,188.00.
  • On Monday, December 19th, Boaz Energy Ii, Llc sold 2,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.92, for a total transaction of $15,224.00.
  • On Thursday, December 15th, Boaz Energy Ii, Llc sold 4,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $7.01, for a total transaction of $29,442.00.
  • On Tuesday, December 13th, Boaz Energy Ii, Llc sold 1,800 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.79, for a total transaction of $12,222.00.
  • On Sunday, December 11th, Boaz Energy Ii, Llc sold 3,700 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.72, for a total transaction of $24,864.00.
  • On Friday, December 9th, Boaz Energy Ii, Llc sold 3,000 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.61, for a total transaction of $19,830.00.

PermRock Royalty Trust Price Performance

NYSE:PRT opened at $7.52 on Wednesday. PermRock Royalty Trust has a 52 week low of $6.38 and a 52 week high of $10.88. The firm has a 50 day moving average of $7.32 and a 200 day moving average of $7.89.

PermRock Royalty Trust (NYSE:PRTGet Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $3.54 million during the quarter. PermRock Royalty Trust had a net margin of 86.79% and a return on equity of 12.88%.

PermRock Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were issued a $0.081 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 12.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG purchased a new position in shares of PermRock Royalty Trust in the first quarter worth $27,000. Jane Street Group LLC purchased a new position in shares of PermRock Royalty Trust in the third quarter worth $93,000. Finally, Virtu Financial LLC purchased a new position in shares of PermRock Royalty Trust in the second quarter worth $165,000. Hedge funds and other institutional investors own 47.03% of the company’s stock.

PermRock Royalty Trust Company Profile

(Get Rating)

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas.

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Insider Buying and Selling by Quarter for PermRock Royalty Trust (NYSE:PRT)

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