Permian Basin Royalty Trust (NYSE:PBT) Stake Boosted by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC grew its stake in shares of Permian Basin Royalty Trust (NYSE:PBT) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,098 shares of the oil and gas producer’s stock after acquiring an additional 2,542 shares during the period. Permian Basin Royalty Trust accounts for 0.9% of Atlas Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Atlas Wealth Partners LLC owned 0.14% of Permian Basin Royalty Trust worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Permian Basin Royalty Trust in the fourth quarter worth $27,000. Access Investment Management LLC bought a new stake in Permian Basin Royalty Trust in the third quarter worth $97,000. International Assets Investment Management LLC boosted its holdings in Permian Basin Royalty Trust by 1,089.0% in the third quarter. International Assets Investment Management LLC now owns 8,323 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 7,623 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Permian Basin Royalty Trust in the third quarter worth $110,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Permian Basin Royalty Trust in the fourth quarter worth $121,000. 28.86% of the stock is currently owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Price Performance

PBT stock opened at $11.05 on Wednesday. Permian Basin Royalty Trust has a 52-week low of $10.14 and a 52-week high of $14.58. The company has a 50-day moving average of $11.58 and a two-hundred day moving average of $11.61. The stock has a market capitalization of $514.81 million, a price-to-earnings ratio of 14.16 and a beta of 0.70.

Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings results on Tuesday, November 12th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%. The company had revenue of $8.37 million during the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.0205 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, January 31st. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 32.05%.

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 Monday, January 6th.

Permian Basin Royalty Trust 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.