Permian Basin Royalty Trust (NYSE:PBT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Permian Basin Royalty Trust (NYSE:PBT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.36 and traded as high as $15.80. Permian Basin Royalty Trust shares last traded at $15.09, with a volume of 197,819 shares trading hands.

Permian Basin Royalty Trust Trading Down 5.0%

The business has a fifty day simple moving average of $13.25 and a two-hundred day simple moving average of $11.36. The company has a market cap of $703.11 million, a PE ratio of 41.90 and a beta of 0.59.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings data on Wednesday, August 13th. The oil and gas producer reported $0.05 earnings per share for the quarter. Permian Basin Royalty Trust had a return on equity of 9,737.65% and a net margin of 89.90%. The company had revenue of $3.11 million for the quarter.

Permian Basin Royalty Trust Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a $0.0153 dividend. This is a boost from Permian Basin Royalty Trust’s previous dividend of $0.01. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 145.0%. Permian Basin Royalty Trust’s dividend payout ratio is 50.00%.

Institutional Trading of Permian Basin Royalty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Investment Advisers LLC increased its stake in shares of Permian Basin Royalty Trust by 7.1% in the 2nd quarter. Virtus Investment Advisers LLC now owns 14,369 shares of the oil and gas producer’s stock worth $179,000 after acquiring an additional 949 shares during the last quarter. Atlas Wealth Partners LLC increased its stake in shares of Permian Basin Royalty Trust by 1.9% in the 1st quarter. Atlas Wealth Partners LLC now owns 67,363 shares of the oil and gas producer’s stock worth $666,000 after acquiring an additional 1,265 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Permian Basin Royalty Trust by 53.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,762 shares of the oil and gas producer’s stock worth $47,000 after acquiring an additional 1,304 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Permian Basin Royalty Trust by 16.1% in the 4th quarter. Ameriprise Financial Inc. now owns 11,688 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Creative Planning increased its stake in shares of 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. 28.86% of the stock is owned by institutional investors and hedge funds.

Permian Basin Royalty Trust Company Profile

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.