Permian Basin Royalty Trust (NYSE:PBT) Sees Significant Decrease in Short Interest

Permian Basin Royalty Trust (NYSE:PBT) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 147,500 shares, a decline of 19.7% from the March 31st total of 183,800 shares. Based on an average daily trading volume, of 144,700 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Permian Basin Royalty Trust Trading Up 1.6 %

Shares of Permian Basin Royalty Trust stock traded up $0.19 during trading on Friday, hitting $12.20. 69,708 shares of the stock were exchanged, compared to its average volume of 140,817. The stock has a market capitalization of $568.64 million, a price-to-earnings ratio of 20.33 and a beta of 0.59. The company has a fifty day moving average price of $12.60 and a 200-day moving average price of $15.01. Permian Basin Royalty Trust has a 1-year low of $10.95 and a 1-year high of $25.62.

Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $0.31 earnings per share for the quarter. The company had revenue of $14.44 million for the quarter. Permian Basin Royalty Trust had a net margin of 96.16% and a return on equity of 13,667.19%.

Permian Basin Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.0882 per share. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. This represents a $1.06 annualized dividend and a dividend yield of 8.68%. Permian Basin Royalty Trust’s payout ratio is currently 83.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PBT. Tower Research Capital LLC TRC boosted its holdings in shares of Permian Basin Royalty Trust by 21,188.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 1,907 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Permian Basin Royalty Trust by 222.0% during the 3rd quarter. Global Retirement Partners LLC now owns 2,618 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 1,805 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Permian Basin Royalty Trust by 1,296.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 2,592 shares during the period. Aristides Capital LLC bought a new stake in shares of Permian Basin Royalty Trust during the 4th quarter worth about $163,000. Finally, Waverly Advisors LLC boosted its holdings in Permian Basin Royalty Trust by 30.4% in the 3rd quarter. Waverly Advisors LLC now owns 12,867 shares of the oil and gas producer’s stock valued at $273,000 after purchasing an additional 3,001 shares during the period. 28.86% of the stock is currently 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.