Tower Research Capital LLC TRC Buys 1,907 Shares of Permian Basin Royalty Trust (NYSE:PBT)

Tower Research Capital LLC TRC lifted its stake in Permian Basin Royalty Trust (NYSE:PBT) by 21,188.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,916 shares of the oil and gas producer’s stock after buying an additional 1,907 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Permian Basin Royalty Trust were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PBT. Ingalls & Snyder LLC bought a new stake in shares of Permian Basin Royalty Trust during the 3rd quarter valued at $287,000. Moors & Cabot Inc. boosted its stake in shares of Permian Basin Royalty Trust by 9.7% in the third quarter. Moors & Cabot Inc. now owns 217,741 shares of the oil and gas producer’s stock worth $4,627,000 after acquiring an additional 19,267 shares during the period. Sowell Financial Services LLC bought a new position in shares of Permian Basin Royalty Trust in the third quarter worth about $421,000. Hosking Partners LLP grew its position in shares of Permian Basin Royalty Trust by 6.0% during the third quarter. Hosking Partners LLP now owns 470,891 shares of the oil and gas producer’s stock worth $10,006,000 after purchasing an additional 26,826 shares in the last quarter. Finally, UBS Group AG raised its stake in Permian Basin Royalty Trust by 1.5% during the 3rd quarter. UBS Group AG now owns 479,363 shares of the oil and gas producer’s stock valued at $10,186,000 after purchasing an additional 7,142 shares during the period. 28.86% of the stock is owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Stock Up 1.1 %

PBT stock traded up $0.13 during midday trading on Friday, hitting $11.70. The company’s stock had a trading volume of 56,708 shares, compared to its average volume of 135,762. Permian Basin Royalty Trust has a 12 month low of $10.95 and a 12 month high of $25.62. The company has a 50 day moving average of $12.43 and a two-hundred day moving average of $14.73. The firm has a market capitalization of $545.34 million, a price-to-earnings ratio of 19.50 and a beta of 0.63.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 earnings per share for the quarter. The firm had revenue of $14.44 million during 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 given a dividend of $0.0882 per share. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.05%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is presently 176.67%.

About Permian Basin Royalty Trust

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.