SeaCrest Wealth Management LLC acquired a new stake in Permian Basin Royalty Trust (NYSE:PBT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 138,677 shares of the oil and gas producer’s stock, valued at approximately $1,230,000. SeaCrest Wealth Management LLC owned about 0.30% of Permian Basin Royalty Trust at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of Permian Basin Royalty Trust by 9.1% during the 2nd quarter. Wells Fargo & Company MN now owns 86,483 shares of the oil and gas producer’s stock worth $752,000 after acquiring an additional 7,219 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Permian Basin Royalty Trust during the 2nd quarter worth approximately $912,000. Advisory Services Network LLC lifted its stake in shares of Permian Basin Royalty Trust by 8.3% during the 2nd quarter. Advisory Services Network LLC now owns 21,243 shares of the oil and gas producer’s stock worth $185,000 after acquiring an additional 1,637 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Permian Basin Royalty Trust during the 4th quarter worth $266,000. 9.82% of the stock is owned by institutional investors and hedge funds.
Permian Basin Royalty Trust (PBT) opened at $9.43 on Friday. The company has a market capitalization of $439.52, a price-to-earnings ratio of 14.97 and a beta of 0.56. Permian Basin Royalty Trust has a fifty-two week low of $7.80 and a fifty-two week high of $10.30.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.06 per share. This is an increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.05. This represents a $0.72 annualized dividend and a yield of 7.64%. The ex-dividend date was Tuesday, January 30th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is presently 114.29%.
WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/18/seacrest-wealth-management-llc-buys-shares-of-138677-permian-basin-royalty-trust-pbt.html.
Permian Basin Royalty Trust Profile
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
Receive News & Ratings for Permian Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.