PermRock Royalty Trust (NYSE:PRT) Major Shareholder Boaz Energy Ii, Llc Sells 3,600 Shares of Stock

Posted by admin on Sep 18th, 2023

PermRock Royalty Trust (NYSE:PRT – Get Free Report) major shareholder Boaz Energy Ii, Llc sold 3,600 shares of PermRock Royalty Trust stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.73, for a total value of $24,228.00. Following the completion of the sale, the insider now directly owns 5,075,674 shares of the company’s stock, valued at approximately $34,159,286.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Boaz Energy Ii, Llc also recently made the following trade(s):

On Friday, September 15th, Boaz Energy Ii, Llc sold 2,100 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.61, for a total transaction of $13,881.00.
On Wednesday, September 13th, Boaz Energy Ii, Llc sold 2,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.44, for a total transaction of $14,168.00.
On Monday, September 11th, Boaz Energy Ii, Llc sold 1,400 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.31, for a total transaction of $8,834.00.
On Friday, September 8th, Boaz Energy Ii, Llc sold 1,500 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.35, for a total transaction of $9,525.00.
On Tuesday, September 5th, Boaz Energy Ii, Llc sold 1,700 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.33, for a total value of $10,761.00.
On Friday, September 1st, Boaz Energy Ii, Llc sold 1,300 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.26, for a total value of $8,138.00.
On Wednesday, August 30th, Boaz Energy Ii, Llc sold 1,200 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.30, for a total transaction of $7,560.00.
On Monday, August 28th, Boaz Energy Ii, Llc sold 1,800 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.29, for a total transaction of $11,322.00.
On Friday, August 25th, Boaz Energy Ii, Llc sold 1,000 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.21, for a total transaction of $6,210.00.
On Wednesday, August 23rd, Boaz Energy Ii, Llc sold 2,000 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.12, for a total transaction of $12,240.00.

PermRock Royalty Trust Stock Up 3.0 %

Shares of NYSE:PRT traded up $0.20 on Monday, reaching $6.81. 70,841 shares of the company traded hands, compared to its average volume of 53,309. The business’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $6.00. PermRock Royalty Trust has a 52 week low of $4.10 and a 52 week high of $8.83.

PermRock Royalty Trust (NYSE:PRT – Get Free Report) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.10 EPS for the quarter. The firm had revenue of $1.59 million during the quarter. PermRock Royalty Trust had a net margin of 159.36% and a return on equity of 21.68%.

PermRock Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is a positive change from PermRock Royalty Trust’s previous monthly dividend of $0.04. This represents a $0.48 annualized dividend and a yield of 7.05%.

Institutional Investors Weigh In On PermRock Royalty Trust

A number of large investors have recently modified their holdings of the stock. UBS Group AG purchased a new stake in PermRock Royalty Trust in the first quarter worth about $27,000. Morgan Stanley raised its position in shares of PermRock Royalty Trust by 25.3% in the 4th quarter. Morgan Stanley now owns 16,043 shares of the company’s stock worth $124,000 after acquiring an additional 3,239 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of PermRock Royalty Trust by 50.5% in the 2nd quarter. Royal Bank of Canada now owns 29,200 shares of the company’s stock valued at $159,000 after purchasing an additional 9,800 shares during the period. Jane Street Group LLC bought a new stake in shares of PermRock Royalty Trust during the third quarter valued at approximately $93,000. Finally, Susquehanna International Group LLP purchased a new stake in PermRock Royalty Trust in the first quarter worth $131,000. Institutional investors own 43.72% of the company’s stock.

About PermRock Royalty Trust

(Get Free Report)

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas.