14,009 Shares in Permian Basin Royalty Trust (NYSE:PBT) Purchased by Flow Traders U.S. LLC

Flow Traders U.S. LLC acquired a new stake in Permian Basin Royalty Trust (NYSE:PBT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,009 shares of the oil and gas producer’s stock, valued at approximately $167,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Permian Basin Royalty Trust during the 2nd quarter worth $1,303,000. Atlas Wealth Partners LLC bought a new stake in Permian Basin Royalty Trust in the third quarter worth about $758,000. Schwartz Investment Counsel Inc. raised its position in Permian Basin Royalty Trust by 16.1% in the second quarter. Schwartz Investment Counsel Inc. now owns 1,140,169 shares of the oil and gas producer’s stock worth $12,793,000 after acquiring an additional 158,500 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Permian Basin Royalty Trust by 5.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock valued at $247,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Ironwood Financial llc bought a new position in shares of Permian Basin Royalty Trust during the 3rd quarter valued at approximately $220,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

Permian Basin Royalty Trust Trading Down 2.0 %

Shares of NYSE PBT opened at $12.91 on Friday. The stock has a fifty day moving average of $12.13 and a 200-day moving average of $11.68. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $15.92.

Permian Basin Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.0217 per share. The ex-dividend date is Friday, November 29th. This represents a $0.26 annualized dividend and a yield of 2.02%. Permian Basin Royalty Trust’s dividend payout ratio is currently 33.33%.

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.