Atria Wealth Solutions Inc. Makes New $127,000 Investment in Permian Basin Royalty Trust (NYSE:PBT)

Atria Wealth Solutions Inc. bought a new stake in Permian Basin Royalty Trust (NYSE:PBT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,465 shares of the oil and gas producer’s stock, valued at approximately $127,000.

Several other hedge funds have also made changes to their positions in PBT. Stratos Wealth Partners LTD. acquired a new position in Permian Basin Royalty Trust in the fourth quarter valued at approximately $121,000. EagleClaw Capital Managment LLC lifted its stake in shares of Permian Basin Royalty Trust by 2.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 41,375 shares of the oil and gas producer’s stock valued at $492,000 after purchasing an additional 925 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Permian Basin Royalty Trust by 16.3% during the 3rd quarter. Moors & Cabot Inc. now owns 535,151 shares of the oil and gas producer’s stock worth $6,363,000 after purchasing an additional 75,064 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Permian Basin Royalty Trust during the 3rd quarter worth $110,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Permian Basin Royalty Trust during the 3rd quarter worth about $167,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Stock Performance

NYSE:PBT opened at $10.57 on Monday. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $14.58. The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.61. The stock has a market capitalization of $492.42 million, a P/E ratio of 13.54 and a beta of 0.70.

Permian Basin Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0171 per share. The ex-dividend date is Friday, February 28th. This represents a $0.21 annualized dividend and a dividend yield of 1.94%. Permian Basin Royalty Trust’s dividend payout ratio is currently 25.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

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.